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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 Commodity Weekly: Oil Markets Assess Trump Impact
MNI Gas Weekly: Winter Weather Takes the Driver's Seat
Rate squeezed down to a low of..........>
EURO-DOLLAR: Rate squeezed down to a low of $1.1142, Tuesday after it eventually
broke under reported support at $1.1150. Recovery off the low was given a
sterling led boost pre 1600BST fix to $1.1188. Markets reacted to PM May's offer
of a second referendum if her withdrawl bill was passed in early June. However,
voiced objections to this plan quickly saw sterling strength evaporate and
EUR/USD tracked cable's reversal back to $1.1154. EUR/USD recovered to $1.1166,
closing the day at $1.1161. Early Asia edged rate back to retest $1.1166,
failure to push higher saw it drift back to $1.1160, then given an added shove
lower ahead of Europe to $1.1153 as risk was given a general knock by a press
report suggesting the US is weighing up blacklisting up to 5 Chinese
surveillance firms. Rate remains soft at writing.
- Support $1.1142, $1.1135/30. Resistance $1.1188, $1.1200/10.
- ECB Draghi speaks at 0700GMT "Monetary policy in an incomplete Monetary
Union".
- US FOMC Minutes to be published at 1800GMT.
- European elections Thursday, results due Sunday, moves into view.
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.