Free Trial

Risk averse markets overnight has seen the...>

DOLLAR
DOLLAR: Risk averse markets overnight has seen the USD marginally stronger
against most of G10 (except the CHF & JPY). The DXY sits in the middle of its
very narrow 95.29-37 range, holding above the 50 & 55-dma's. Near-term
resistance is seen at 95.56 which represents the 50% retracement of 96.15-94.95,
above here opens a move toward the double-top resistance area at 96.10/15. The
US 10y remains at elevated levels, comfortably holding above 3.10%. The
safe-haven yellow metal improves $5 on the session to trade either side of
$1223, topside focus on the 100-dma at $1228.17. Large option-expiries of note
today, EURUSD $1.1450 (E2.57bn), $1.1500 (E1.22bn). USDJPY Y111.40-55($1.05bn).
Retail Sales & Empire Mfg provide the main data release in the US today at
1230GMT. 

To read the full story

Close

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.