-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUnderperforming, Fedspeak Boosts USD
NZD/USD prints $0.6164 falling ~1.3% in yesterday's trading, only the AUD was a weaker performer in G-10 space.
- The pair rallied off its Asian lows as a significant move lower in USD/JPY in the European session, which printed a fresh 3 month low, spilled over into a wider USD sell off before meeting resistance at its 200-day EMA.
- The pair extended losses as weak risk sentiment and hawkish Fedspeak weighed, printing a low at $0.6156 before recovering to deal at current levels in late NY dealing.
- St Louis Feds Bullard said markets may be underestimating the chances of higher rate whilst his NY counterpart Williams noted policymakers have more work to do to curb inflation. Fed Vice Chair Brainard said supply shocks are keeping inflation risk elevated. The S&P500 extended losses falling 1.5%, DXY was up 0.7%.
- Having broken the 200-day EMA bears need to breach the 20-day EMA at $0.6074 to re-establish the downtrend. Bulls look to target the 200-day EMA at $0.6236, a break through there would open the way to the high from 12 Aug at $0.6468.
- The domestic data calendar is empty today, which will leave broader themes and the Chinese COVID situation at the fore.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.