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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGreenback Weakness Boosts Oil, Gold
- WTI and Brent crude futures topped the week's best levels to hit new cycle highs. Broad dollar weakness followed a disappointing set of payrolls figures, helping buoy commodities across the energy and precious metals sectors.
- Both WTI and Brent crude benchmarks broke to new 2021 cycle highs, resuming the medium-term uptrend and raising the real risk of a test on the 2018 highs.
- Gold and silver bounced sharply, erasing much of the Thursday move lower. Nonetheless, both metals failed to clear to new weekly highs, leaving the topside resistance intact. Focus turns to key central bank meetings in the coming week, with both the ECB and BoC due to deliver their latest rate decisions.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.