© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: PBOC Injects Net CNY155 Bln Via OMO Mon; Rates Unchanged

CHINA PBOC INJECTS CNY106 BILLION VIA 7-DAY REVERSE REPOS MON

Copy of MNI DATA FORECASTS: UK, Eurozone Inflation to Fore

UK Timeline of Key Events (Time UK)

Eurozone Timeline of Key Events (Times BST)

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

Participants await today's ECB MonPol..........>

EURO
EURO: Participants await today's ECB MonPol decision, with EUR sticking to a
tight range in Asia dealing. The ECB's statement & Draghi's press conference
will be eyed for any hawkish rhetoric. EURUSD last at 1.2405, EURJPY at 131.60. 
- For EURUSD, the recovery from last week's dip < the 55-DMA (1.2222) resulted
in a pop above the 1.2435 resistance. Bulls now look for a close above 1.2444 to
confirm initial focus on 2018 highs. Support layers accumulating adds to bullish
confidence with bears needing a close below 1.2320 to ease bullish pressure.
- For EURJPY fresh 2018 lows lacked follow through. Bulls now look for a close
above the 21-DMA (132.05). Key support is now noted at 130.58 with bears needing
a close below to retain focus 55 & 200-WMAs. Correcting O/S studies add support
to the bullish case.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsForeign Exchange News
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsForeign Exchange News

To read the full story

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.