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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
- The BBDXY index has already retraced half of the minor gains seen on the back of the FOMC minutes on mention that “various” participants were open to tightening policy further in a conditional setting.
- It remained within the day’s range throughout the initial lift, and is currently +0.16% on the day.
- EURUSD is currently just 5 pips lower on the release, at 1.0834 holding above the earlier low of 1.0822 that marked another move closer to support at 1.0817 (former channel top drawn from the Dec 28 high) after which lies the key 1.0787 (50-day EMA).
Former channel top support holds above a key 50-day EMASource: 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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