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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 AccessRelease of stronger than forecast US..........>
FOREX: Release of stronger than forecast US Employment Report, NFP 201k vs 195k
median; AHE 0.4%mm vs forecast 0.2%, prompted strong USD demand which drove
EUR/USD to an initial low of $1.1562, extending post London fix to $1.1556.
- USD strength added to the downside pressure on the AUD allowing AUD/USD to
extend its recent easing to a fresh YTD low of $0.7104. Pressure was also seen
on the NZD though AUDNZD was able to further extend its lows to N$1.0865.
- USD/JPY recovered off its Asia low of Y110.38 through the European morning,
gaining an added boost to Y111.25 on NFP react but pressure on the EUR saw
EUR/JPY lead USD/JPY back down to Y110.74. Rate settled around Y111.00 in late
trade.
- Cable extended its recent recovery to $1.3028 as EU Barnier adopted a
conciliatory tone on the Ireland border back stop but USD strength post data
added to the corrective pullback as it drifted to $1.2920. Again the stronger
reaction lower in EUR/USD allowed EUR/GBP to challenge its 10-dma 1.0% envelope
base at Gbp0.8913 before it bounced back to Gbp0.8950.
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.