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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 AccessSteady After Friday’s Drop
Gold is little changed in the Asia-Pac session, after closing 0.5% lower at $2024.26 on Friday.
- Friday’s move locked in a weekly decline for bullion, as traders weighed the outlook for interest rates ahead of crucial US CPI data on Wednesday and Retail Sales on Thursday.
- With limited economic data on Friday, the market focused on revisions to US CPI data after Fed Waller highlighted the importance of the adjustments to confirm the downward trend for inflation in a recent speech. Overall, CPI revisions provided only minor and offsetting adjustments that did little to change the outlook that the Fed will be pivoting to rate cuts in the coming months.
- US Treasuries finished Friday moderately weaker, with yields 2-3bps higher. US Treasury futures are dealing slightly stronger in today's Asia-Pac session, with cash bonds not trading due to a Japanese holiday.
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.