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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 AccessMNI Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
NEER Retreats From Cycle Highs, USD/SGD Meets Resistance At 20-Day EMA
The SGD NEER (per Goldman Sachs estimates) has ticked away from Tuesday's cycle highs, the measure however remains well within recent ranges. We now sit ~0.6% below the upper end of the band.
- USD/SGD is ~0.3% higher today as broader greenback flows dominate. The pair sits a touch below the 20-Day EMA ($1.3447) having been unable to sustain a break of the measure this morning.
- Bulls first look to break the 200-Day EMA ($1.3505), which opens high from May 31 ($1.3562). Bear's immediate focus is on a break of $1.34 handle.
- Looking ahead, May Export data crosses tomorrow. Non-Oil Domestic Exports are estimated to have fallen 1.9% M/M and 7.7% Y/Y. Electronic Exports are also due, there is no estimate for the release.
To read the full story
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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.