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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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Free AccessMNI Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
The USD has edged higher overnight. After a...>
FOREX: The USD has edged higher overnight. After a knee jerk lower JPY crosses
have moved higher. The initial move came after the BoJ reduced the size of its
Rinban operations covering the 5-10 Year bucket by Y20bln. It is worth noting
this is a relatively small reduction, given that the BoJ raised the size of
purchases in this sector by Y40bln back on Feb 02 2018. USDJPY last at 109.15.
The JPY's reaction may give the BoJ more confidence to further reduce its
purchases, as it had been worried about any ensuing JPY app'n after such moves.
- Italy's 5SM/Lega coalition is set to be sworn in on Friday after a ministerial
rejig. Spanish PM Rajoy is expected to lose a confidence vote later today.
EURUSD last at 1.1680. Reports have suggested that UK Brexit Min Davis is
planning on giving Northern Ireland joint EU-UK status to alleviate the border
issue, the story was carried by a UK tabloid and couldn't prevent cable from
falling overnight. USDCAD is now flat after an early relief rally following
Thursday's losses. AUD & NZD were softer vs. USD.
- US NFP, EZ M'fing PMIs & ISM M'fing headline on Friday. EURUSD option expiries
dominate once again.
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.