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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 Access*** Tsys hover just below session....>
US TSYS/STOCKS: *** Tsys hover just below session high prices after some FX-tied
buying going on (due to weaker dollar/yen) on Spanish apparent 'terror' incident
of driver plowing into a Barcelona crowd intentionally, said traders. The market
had been whipsawed today by morning speculation that US White House's Gary Cohn
could potentially resign, which spurred Tsys buying by real money and fast money
short-covering; stocks declined on that speculation and on sell programs.
- But then Tsys ebbed off session highs on denials of such Cohn resignation
speculation, which spurred real money sellers in Tsy intermediates.
- Then the Spanish incident occurred, and then more short-covering happened, as
noted above. In other action traders said there appears to be some unconfirmed
asset allocation shifts (from stocks into bonds) that is going on, too.
To read the full story
Sign up now for free trial access to this content.
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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.