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Why MNI
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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Two Way Price Action For Treasuries Echoed By The Greenback
- The two-way price action for US treasuries has been echoed in currency markets. A very moderate pop higher for the greenback upon the immediate release of the statement failed to garner any momentum and the USD index saw a swift reversal to fresh session lows.
- For the major pairs, USDJPY traded as low as 157.36, although has now edged back above 157.50. EURUSD failed to retake the 1.0700 handle and now tracks close to 1.0680.
- As mentioned, some hawkish tweaks to the statement will likely be scrutinised at the upcoming press conference. However, given the proximity to US non-farm payrolls & the fed’s ongoing data dependence, as well as the subdued holiday price action, sustained momentum for the greenback in either direction might be limited at this juncture.
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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.