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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 AccessSingle Currency Erases Overnight Gains
- EUR continues to chew back through the overnight gains to put the pair back to flat at 1.0535 at typing, with the pace of the retracement accelerating slightly in the past 10 minutes or so.
- Volumes overnight still relatively light, despite the Asia-Pac equity rally and hopes of a China COVID policy reversal building.
- EUR futures volumes sit around 10 - 15% below average for this time of day, with JPY lagging even further: JPY futures volumes are around 25% below average for 8am London time.
- Sizeable expiries in EURUSD sit at $1.0450 (E828mln), $1.0500(E727mln) and $1.0570-75 (E1.0bln). USDJPY at Y134.00 ($980mln).
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.