Free Trial

(M3) Rallies North of Resistance




(M3) Bullish Break

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

It has been a sedate first half of the........>

FOREX: It has been a sedate first half of the final Asia-Pacific session of
2018, with activity limited by shortened trading sessions & closures across the
majority of the major regional trading hubs. Optimistic rhetoric from U.S.
President Trump & Chinese counterpart Xi noted over the weekend re: trade has
had little in the way of impact on G10 FX.
- JPY a touch lower in the main, with equity indices running higher, NZD also
lagging, CAD unwound bulk of early gains. Little in the way of notable reaction
to the latest round of official Chinese PMI data. The m'fing PMI survey moved
into contractionary territory for the first time since Jul '16, as the
non-m'fing reading accelerated unexpectedly.
- Over the weekend UK Trade minister Fox told the the Times that "Brexit is on a
knife edge & the chances of Britain leaving the EU are "50-50" if MPs reject
Theresa May's deal." Elsewhere, EU's Juncker told the UK to "get your act
together" over Brexit. Worth noting that GBP/USD & EUR/GBP 3-month implied vols
remain shy of YtD highs registered earlier this month, even though the measure
now captures March 29, the date when the UK is scheduled to leave the EU.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story

Why Subscribe to


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.