Free Trial

Heading South


Trades Through Key Short-term Resistance


Compelling Case for 50Bp Hikes


BLOCK, 5Y Sale

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
  • WTI futures have come under some late pressure, dipping back beneath $60 as markets anticipate the looming Opec plus easing of cuts and retrace prior reflationary optimism. The continuation of last week's late sell-off has prompted some momentum selling through Feb 23rd lows and currently trades down over 2%.
  • Precious metals exhibited less pronounced, but similarly heavy price action. Despite the majority of the session lacking any momentum, spot gold and silver have lost ~0.65%, bringing some late relief demand for the Bloomberg Dollar Index, trading back towards flat on the session.
  • Copper futures also pared gains from the open to approach Friday's lows under 410.
  • Bitcoin gained ~6% amid headlines that Goldman Sachs Inc has restarted its cryptocurrency trading desk. Price firmed to trade back above $48,000.
MNI London Bureau | +44 020 3983 7893 |
MNI London Bureau | +44 020 3983 7893 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.