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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.
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Free AccessMarkets Sluggish Post-Biden Stimulus Plan
Early trade in FX favouring USD, JPY and haven currencies more generally - growth proxies suffering a little, with CNH, AUD, CAD all hitting the day's lows just ahead of the NY crossover.
The outlining of Biden's plans for a $1.9trl stimulus package has raised concerns of swift, sharp opposition from Republican lawmakers over spending on Democratic priorities including aid to state and local governments. More details are expected at a joint session of Congress in February.
CAD, AUD and NZD are among the poorest performers early Friday as WTI and Brent roll off their respective cycle highs printed earlier n the week. Both benchmark oil contracts are off close to 1.5% apiece ahead of the final COMEX open of the week.
Earnings season gets underway in earnest Friday, with reports due from Wells Fargo, Citigroup and JPMorgan later today. US PPI and retail sales and industrial production for December also cross as well as the prelim Uni. of Michigan sentiment numbers.
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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.