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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* Over-riding theme in Europe has been one....>
FOREX: * Over-riding theme in Europe has been one of consolidation and
moderation as EUR/USD, GBP/USD and USD/JPY have retreated from yesterday's
respective highs and lows, allowing the USD to regain some poise. This has seen
EUR/USD pullback to $1.2040, GBP/USD to $1.3590 and USD/JPY to Y112.30.
* Datapoints have proved uninfluential this morning, despite Germany's
unemployment rate falling to an all-time low as volumes are dimmed by Japan's
second consecutive market holiday and traders scratching their heads over MiFID
II impacts.
* Continued strength in the commodities complex, particularly energy, has seen
AUD outperform, which continues to threaten the 2018 highs of $0.7845 despite
both the EUR and GBP lagging.
* Slowing construction PMI from the UK added further weight to the pound (52.2
vs. Exp 53.0) and allowed EUR/GBP to recover from lows of Gbp 0.8848 ahead of
the NY crossover.
* FOMC minutes will take the focus of the US session, with ISM Manufacturing and
Construction Spending data also due.
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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.