Free Trial

Price action in the G10 space has been........>

FOREX
FOREX: Price action in the G10 space has been limited throughout the
Asia-Pacific session, with a moderation in risk sentiment sending the
Antipodeans to the bottom of the G10 pile. 
- AUD/USD trades below its 100-DMA, while NZD/USD hovers just above $0.6800. 
- USD/JPY gyrates around the Y113.00 figure as the Nikkei 225 round tripped
today, after a 20 pip spike higher during the Asia-Pac crossover. 
- Focus Thursday falls on the EZ docket, with the ECB's Oct meeting minutes &
consumer confidence coming up, as well as plenty of ECB speakers scheduled.
Elsewhere, NY is off for Thanksgiving, while Tokyo will observe national holiday
on Friday. 
- One factor to watch (that doesn't usually garner much attention in the FX
space) is the latest BTP Italia offering. Italy was hoping to allot some
EUR7-8bn worth of inflation linked paper this time around. Retail investors have
only tendered for ~EUR860mn, with the remainder now being open to institutions.
It will be interesting to watch their take up given the country's current fiscal
situation.

To read the full story

Close

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.