Free Trial

Thursday Marks M/E Value Date, Models Point to Modest USD Sales

FOREX
  • Worth recalling that sell-side month-end models are pointing to moderate USD sales for October and that today marks month-end value date, so could mean flow picks up through NY hours.
  • Morgan Stanley sees that most local equity markets have strengthened into month-end, suggesting USD is to weaken against most others in G10.
  • The signal is consistent with the exception of JPY and NZD this month, however the GBP signal is also insignificant given the nearly flat equity market* Barclays see moderate USD sales against all majors expect the JPY, where the signal is instead strong.

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.