Free Trial

Korean markets have had a solid day with......>

KOREA
KOREA: Korean markets have had a solid day with the won benefitting from an
improvement in global risk sentiment to keep downtrend resistance from the Oct
highs intact as the pair trades in the middle of its long term contracting
range. KRWJPY has recovered yesterday's losses but remains shy of range highs.
Above 9.725 would trigger a bullish reversal.
- An upside break would be consistent with the bottoming process underway in the
Kospi, which has added 1.5% today to raise the prospect of a double bottom
formation. News of a potential Jan 17-18 meeting in the US between Pompeo and
Kim Yong Chol may have offered support. 
- Rate markets have not joined in with the risk on theme with the swap curve
seeing bullish flattening with the 10-year honing in on cycle lows. 

To read the full story

Close

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.