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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.
EUR
- EUR/USD breaking down slightly in recent trade, with the pair printing new lows of 1.0035 to near the 38.2% retracement of yesterday's rally. Nonetheless the pair is still comfortably higher on the week (Monday's open: $0.9850).
- A few contending forces worth noting with the ECB rate decision, a possible pick-up of month-end flow in NY hours (today marks M/E value date) and a slew of option expiries for today's cut: $1.0000(E1.5bln), $1.0025-40(E1.1bln), $1.0050-60(E711mln)
- Overnight option volatility for EUR/USD has suitably climbed, and is now clearing 20 points for the first time since the July ECB meeting (see below chart), which was the highest overnight vol reading since March 2020:
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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