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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.
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Free AccessShadow of virus leaves recovery left..........>
FOREX: Shadow of virus leaves recovery left wanting
- The protracted downside in global equities Monday raised hopes of a decent
bounce across Asia and Europe but this failed to materialise, leaving stock
markets nursing losses. Mainland European bourses are lower by around 0.5%,
allowing traders to carry through the themes seen Monday. This has resulted in
further JPY and CHF strength, but the Swiss currency is lagging slightly which
may raise suspicion that the SNB are becoming more active in defending FX.
- GBP is trading nicely, but headlines and newsflow are few and far between.
Market focus turns to the publication of the EU/UK positions ahead of Brexit
negotiations. Formal talks begin next week and today the EU27 meet to sign off
on Barnier's negotiating mandate.
- High beta FX remains offered, with NZD bearing the brunt. NZ PM Ardern
confirmed that the ban on inbound travel from mainland China will be extended
for another 8 days.
- US February consumer confidence is the sole release Tuesday with speeches due
from BoC's Lane and Fed's Clarida.
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.