MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Markets Respect the Range Pre-Fed

FOREX
  • G10 FX trades quietly, amid relatively muted ranges ahead of Wednesday's FOMC rate decision. The Fed are broadly expected to downshift to a 25bps rate hike today, with focus on any hints from the Fed chair on their views of the peak Fed Funds Rate. The USD Index is marginally lower on the day at typing, and is within range of the multi-month low printed in late January at 101.504.
  • Elsewhere, the NZD has slipped modestly on the back of a poorer-than-expected jobs release for Q4 - a release that's prompted a number of sell-side analysts to moderate their calls for imminent RBNZ tightening. NZD/USD remains within range of the 50-dma support at 0.6362 - a break below which would be the first since August of last year.
  • Outside of the Fed decision, final January PMI data from across Europe have drawn little attention ahead of the Eurozone CPI release for January - a much-watched figure due to the absence of the German input that was originally due Tuesday. Manufacturing ISM for January may see some interest, expected at 48.0.

Energy BulletsCommodities
Energy BulletsCommodities

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.