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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 AccessPressure On Equities Bolstering the USD Index To Session Highs
- Pressure on major equity benchmarks extending as the US session commences bolstering the greenback in recent trade with the USD index turning positive on the day and extending its most recent upward trend.
- EURUSD plumbs fresh lows for the week, narrowing the gap with 1.0834 next, the Jul 6 low and a key level. Worth noting, we have E1.3bln of 1.0850 strikes rolling off at today’s NY cut.
- In similar vein, Cable now trading below 1.2700, extending the earlier weakness prompted by the softer retail sales report. Earlier we highlighted that the Aug 14 low of 1.2621 marks the short-term bear trigger.
- USDJPY also jumps through the European highs to 145.70 and will target the overnight highs at 145.88.
To read the full story
Sign up now for free trial access to this content.
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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.