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Why MNI
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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 AccessMNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
BRIEF: EU-Mercosur Deal In Final Negotiations - EC
Rand Advances After Tuesday's Rally In Precious Metals
Spot USD/ZAR has faltered after rejecting trendline support-turned-resistance yesterday, with solid gains for precious metals Tuesday possibly lending some support to the Rand. The rate last deals at ZAR17.8721, down ~580 pips on the session, with bears looking for losses past Mar 31 low of ZAR17.6993. Bulls keep an eye on the aforementioned trendline, which kicks in at ZAR17.9769.
- The composite BBG Commodity Index sits marginally below neutral levels, but the precious metals subindex refreshed cyclical highs in the wake of yesterday's impressive 2.5% rally, with gold extending gains this morning. The FTSE/JSE Precious Metals and Mining Index has advanced alongside precious metals.
- South Africa's economy unexpectedly fell into contraction last month, with S&P Global PMI easing to 49.7 from 50.5 prior, falling short of the 51.0 consensus forecast. The authors of the survey said that customer sales remained weak due to inflationary pressures.
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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.