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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 AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Pullback off Tuesday high of $1.1621....>
EURO-DOLLAR: Pullback off Tuesday high of $1.1621 extended in Asia through its
NY low of $1.1572 to $1.1557 with early Europe adding further weight to take
rate down to $1.1548. FOMC Minutes later, market to focus on comment concerning
the upward revision to the neutral rate and the removal of reference to policy
as accommodative. New SF Fed Daly comments late Tuesday, think it's a balance
between hiking too fast and getting behind the curve, though remarks on the
economy were strong. Market sees her placed on the hawkish side as they begin to
gauge new members of the FOMC. ECB Chief Economist Praet is due to speak at
0730GMT, BUBA Weidmann speaks at 1630GMT. Support seen into $1.1535, break here
to expose $1.1520/15 ahead of $1.1500. Resistance $1.1581(Asia high) ahead of
$1.1600 and Tuesday's high of $1.1621.
To read the full story
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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.