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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 BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit
MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%
MNI FOMC Hawk-Dove Spectrum
NY Crossover Sees Downside Pressure on EUR/USD Alleviate
- As was the case on Wednesday, the greenback seeing some pressure through 7am NY time, with improving volumes across currency futures alleviating some of the downside in EUR/USD. Intraday, EUR/USD is back above the late US high of 1.0554, but still well shy of Wednesday's high and congestion resistance layered at 1.0594-95.
- Spot is gravitating back toward one of the session's larger strikes for today's cut (expiry is two hours pre-Powell) at 1.0560, at which E843mln is set to roll off.
- EUR now the strongest currency in G10, with CHF not far behind. EUR/JPY improving also, with the modest uptrending 50-dma remaining an anchor for prices at 157.93 today.
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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.