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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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US Equity Futures are firmer in early dealing after Nvidia, the worlds most valuable chipmaker, rose 26% after demand for AI buoyed its sales forecast, more here.
- E-minis are ~0.6% firmer, the contract found support below its 50-Day EMA (4124.34) and currently sits at 4145 level, see the chart below. NASDAQ futures are ~1.5% firmer. We could see some positive spillover to Asian tech related plays during the Asia Pac session today, with South Korea and Taiwan likely to be focus points.
- Elsewhere the USD is marginally firmer, however moves in G10 FX are limited at this stage. 10-Year US Treasury futures are little changed from late NY levels in early dealing.
Fig 1: Eminis Finding Support Sub 50-day EMA
Source: MNI/Bloomberg
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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