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Real-time insight on key fixed income and fx markets.
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Real-time insight of oil & gas markets
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Real time insight of credit markets
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessRelease Friday of stronger than forecast US...>
CABLE: Release Friday of stronger than forecast US NFP prompted strong USD
demand across the board, which in turn pressed cable to a react low of $1.2617
finding support at its earlier Asian base of $1.2616. A cautionary tone from
Fed's Powell countered the data driven USD strength and cable rallied to a fresh
intraday high of $1.2744 before it settled just above $1.2720 into the close.
Tokyo open saw market positioning for a strong Nikkei open, and in turn bought
USD/JPY. This demand pressed cable to $1.2714 but as USD/JPY reversed (despite
positive Nikkei) it allowed rate to edge to an eventual high of $1.2752 before
it settled between $1.2740/50 into Europe. Brexit debate begins in earnest again
this week(watchout for headlines), the meaningful vote set for Jan15. Moves over
the weekend by some MP's of all colour to prevent a hard Brexit noted. If any
concessions from the EU toward PM May's Brexit plan remain under wraps, if
indeed there are any. EUR/GBP consolidates back below Gbp0.9000, trades between
Gbp0.8950/60.
- Cable support $1.2700, $1.2685/80. Resistance $1.2770-80, $1.2800.
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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.