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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.
FOREX
1 Month Implied volatility in FX markets, measured using the JP Morgan G-10 Volatility Index, remains well within recent ranges as the measure continues to tick away from cycle lows registered in mid-June.
- The index sits at its highest level in a week at 8.41%, however we remain well below 2023 highs seen in early January. Cycle lows of 7.04% were printed in mid-June.
- Implied FX Volatility remains stable despite the uptick in US Treasury Yields and the USD, this evening's July NFP print presents as the next macro risk event. Bloomberg consensus sees payrolls growth of 200k in July after the 209k in June was the first miss in fifteen months, the MNI preview is here.
Fig 1: JPMorgan 1-Month G10 FX Volatility
Source: JP Morgan/MNI/Bloomberg
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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