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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 AccessNews flow was dominated by Brexit matters.....>
FOREX: News flow was dominated by Brexit matters as a Times story noted that UK
PM May has sealed a divorce deal with the EU re: financial services, which
prompted broader risk on flows. Cable has rallied 85 pips or so and sits at
~$1.2850 facing fibo resistance levels at $1.2866/1.2902 ahead of Oct 25 high at
$1.2919. At the same time, EUR/GBP edged lower last GBP0.8831, with bears
looking for a clean break below the Oct 24 low at GBP0.8816, after probing the
level earlier.
- Broader risk on flows/a USD pullback after yesterday's month-end & SOMA
related gains pushed NZD to the top of the G-10 leader board, as a marginal beat
in the Chinese Caixin M'fing PMI & a wider than exp. Aussie trade surplus
supported sentiment, allowing NZD/USD to cross above some key resistance areas,
leaving bulls to target the 22 October high ($0.6618).
- AUD/USD also gained, allowing bulls to focus on the Oct 17 high ($0.7160).
- USD underperformed its G-10 counterparts, with the DXY pulling back from
yesterday's multi-month highs.
- Focus Thurs falls on the BoE MonPol decision/QIR & UK/US m'fing PMIs.
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.