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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 Access*Oct2 Euro-dollar open $1.1816,........>
EURO SUMMARY: *Oct2 Euro-dollar open $1.1816, range $1.1771 to $1.1820
*Euro opened in Asia toward the upper side of Friday's $1.1773 to $1.1833 range,
where consolidation was the theme
*All eyes were on Catalonia in early trading during the Asia-Pacific region,
reports of Spanish riot police using force to remove voters from polling
stations with more than 760 people said to be injured. Euro-dollar succumbed to
initial weakness, the rate easing from $1.1820 to $1.1777 before recovering to
$1.1807.
*After that initial uneasiness, raised risk appetite amid upbeat China PMI
released over the weekend and an improving Japanese Tankan survey sparked
broad-based US dollar strength, the move was further encouraged by much higher
US rate yield. Euro dropped from $1.1807 to $1.1771 and was last at $1.1775
*Support is located at $1.1764 61.8% $1.1717-$1.1833, while hourly resistance
lies at $1.1820.
*European PMI's provide the event risks to the session ahead
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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.