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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.
EURUSD
- Despite the whip around following Powell's comments yesterday, the correlation between STIR and EURUSD remains intact.
- This is one of our favourite charts right now and shows how interest rate differentials have been the main driver of EURUSD over recent months.
- We would expect this correlation to remain strong and note that following Powell's comments yesterday there is a renewed focus on US data once again (before Powell's comments it had looked as though data would take a back seat).
- With that in mind today we have the ISM manufacturing print at 15:00GMT with ADP employment before that at 13:15GMT.
- There will also be increased focus on the labour market report on Friday.
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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