MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CBRT Data Watch

NBH Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

The Dollar remains favoured

FOREX
  • The USD remains king overnight and in early trade, as Equity are once again trading heavy.
  • Hawkish comments from Fed speakers, and investors looking for more aggressive hikes, has also been supportive.
  • The Dollar is still in the green against all G10, but has moved off its best levels at the time of typing.
  • While UK rates price more aggressive hikes, the Pound remains under pressure, as desk look for a faster pace towards a recession.
  • Cable tested support at 1.1890 Low Jul 21, printing a 1.1880 low so far.
  • Below the latter, opens to the 1.1850 area. Followed by the 1.1800 figure.
  • Further out, sees 1.1760 Low Jul 14 and the bear trigger, also the lowest print since March 2020.
  • The Yen has been under renewed pressure across the board in early trade but is off the lows at the time of typing.
  • USDJPY printed a 136.76 high, ahead of next psychological target at 137.00.
  • The SEK is still heading south since the Swedish CPI last week.
  • USDSEK has now over 5.42% from the August low, and around 4.66% post CPI.
  • Next immediate resistance is at 10.5568, the short term 76.4% retrace of the July/August fall.
  • EURSEK is up 2.93% from the August low and 2.44% post CPI.
  • Next resistance is seen at 10.66.
  • Looking ahead there's no data of note, and the only speaker will be Fed Barkin.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.