Free Trial
MNI

BOC SAYS ECONOMY REMAINS OVERHEATED

BOC SAYS RATES NEED TO RISE FURTHER

USDCAD TECHS

Trading Below Monday’s High

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-DOLLAR
EURO-DOLLAR: Opened in Asia toward the middle of the $1.1713 to $1.1758 range
witnessed yesterday, where the single currency was largely pulled around by
cross activity predominantly, against krona and sterling. There is no economic
data in Asia to impact trading, however, outgoing Fed chair will be speaking
with former BoE governor Mervyn King at 2300GMT. In option space, close-by
strikes rolling off today include, $1.1700(E688mn), $1.1750(E971mn) and
$1.1800-05(E1.12bn), that may act to contain the near-term range. Resistance is
located at $1.1758 (Nov21 high), while hourly support is found at $1.1724. Euro
is currently changing hands at $1.1737.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.