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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.
SOUTH AFRICA
- 10Y yields have taken a leg higher today after holding a tight 5-day range between 10.20 & 10.323. The level also represented the 50% fib level of the 08-30 March range with price action now extending to the 61.8% fib, up +12.7bp on the day so far.
- CNH weakness, complimented with higher UST yields and PPI readings added upside pressure to yields today. Next key topside levels to consider come in at 10.40 & 10.50.
- USD/ZAR is also +1.22% higher on the day with price action drifting through the 16.00 handle supported by broad USD strength. Next intraday resistance seen at 16.07 & 16.1480.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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