-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTechnical Support at $1.3284 Holds.
Found decent support Wednesday at $1.3284(Sep02 low, Dec31-2019 high, Aug27 high) into the 1600BST fix, as the corrective pullback away from Tuesday's high of $1.3482 extended during the general USD correction. However, rate was able to bounce post fix to $1.3354 into the close. Early consolidation in Asia before USD demand emerged again. Rate met initial support at $1.3322, bounced to $1.3339 before coming under renewed downside pressure (tracked EUR/USD's reaction to reported comments that ECB officials concerned about recent strength of the EUR), which took rate back below $1.3300 and toward Wednesday's low. Rate touched $1.3286 but buyers emerged into Europe, edged rate back to $1.3302 but so far struggles to gain a toe hold back above the figure. Support remains into $1.3284/80, a break to expose $1.3250 ahead of $1.3220/15. Resistance $1.3320, $1.3360/70. Final Services PMI data from the UK due at 0930BST, flash 60.1, provides the morning's domestic focus. US trade and weekly jobless claims at 1330BST ahead of US Svcs PMI and non-Mfg ISM at 1445-1500BST respectively. BOE Bailey and Ramsden make an appearance at 1500BST.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.