Free Trial

Bull Steepening Observed


A$ Surges On Equity Bounce


(U2) Bull Cycle Still In Play


(U2) Still Above Key Support


ABS To Release New Monthly CPI

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
FOREX: Markets lack any major direction as Europe returns from May Day holiday
-While volumes and participants have returned, price action hasn't and markets
have generally been drifting throughout the European morning ahead of today's
FOMC decision and jobs report on Friday.
-The greenback is modestly weaker against most others, but well within recent
ranges as the USD index holds above the 200-dma. ADP employment data and the
FOMC decision later today will be key for any continuation of the recent trend.
-After touching a YTD low yesterday, AUD has improved slightly today alongside
NZD, with the latter receiving a boost from the mildly stronger earnings data
released late yesterday. Australia's monetary policy statement on Thursday will
dictate direction in the short-term.
-GBP is broadly mixed but higher against both the USD and EUR as April
construction PMI beat expectations despite recent concerns over poor economic
performance that came alongside, and not because of, inclement weather in
-ADP employment change, FOMC decision and ECB's Weidmann populate the calendar.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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.