Free Trial

Markets Mixed, EUR/USD The Standout

FOREX
  • Currency markets are mixed early Thursday, with EUR/USD strength the most notable move so far. The pair is narrowing the gap with the 100-dma resistance at 1.2049. A break and close above here opens gains towards the week's highs of 1.2076 and the 1.2087 Fib retracement.
  • Norway opted to keep policy unchanged this morning, alongside expectations. The accompanying statement continued to nudge markets toward the likelihood of a rate hike in the second half of 2021. EUR/NOK was unmoved, with prices holding just below the week's highs of 10.0455.
  • Focus turns to the Bank of England rate decision and Monetary Policy Report, at which markets will be watching for any clues over the future trajectory of the BoE's asset purchase programme.
  • The Turkish central bank rate decision is also due, with the Bank seen keeping rates unchanged. Weekly jobless claims numbers are the data highlight.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.