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Why MNI
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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 AccessMorgan Stanley entered a short EURUSD...>
EURO-DOLLAR: Morgan Stanley entered a short EURUSD position at Thursday's
NY-Close targetting 1.1600, with a stop at 1.2420.
- Morgan Stanley suggest that "the broader trend of USD strength should
continue, particularly against low yielding currencies. Continued divergence
between US and European macro data should keep EURUSD trading lower. Positioning
in EUR remains long, suggesting more room for a pullback. President Draghi noted
that the downside risks to the macro outlook had increased, and that the ECB
would be monitoring the data closely. A continuation of the deceleration in
macro data would render EUR strength less tolerable to the ECB. A risk to the
trade is that European data rebound, supporting EUR."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.