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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Sterling shorts stung as Services PMI beats...>
FOREX: Sterling shorts stung as Services PMI beats
-GBP is comfortably the best performer of the day as Services PMI printed
multi-month highs, lifting GBP/USD to highs of $1.3393 in Europe before news
that the opposition Labour party in the UK will push for a softer Brexit helping
briefly tip the pair above $1.34 in NY. Key resistance remains layered above
$1.34 before any test on the 200-dma at $1.3590.
-CAD was one of the worst in G10 as the US Govnt threatened to split NAFTA
talks, conducting one conversation with Mexico and one with Canada, despite
swift protests from Canada's trade minister. CAD briefly traded at levels not
seen since March before retracing.
-Softer equities saw Treasuries outperform, dragging the dollar lower with
yields, but the DXY remains well within the recent range. Reports that the ECB
see the June 14 meeting as 'live' for a decision on QE dented the greenback
further in favour of the EUR.
-Wednesday's light on data, but heavy on speakers, with various ECB and BoE
members due to speak.
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.