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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.
FOREX
- Since the start of the year, we have seen that the rise of the US Dollar has been mainly driven by the divergence in growth expectations between US and the rest of the developed economies.
- This chart shows how the underperformance of the Euro area (relative to the US) has been weighing on the single currency.
- Even though economic data have disappointed in most of the developed economies in recent months, the rising uncertainty combined with the sharp deceleration in the Chinese economic activity have had a stronger impact on the Euro area than in the US.
- EURUSD broke below its 1.17 support at the end of September; next resistance to watch stands at 1.15, which corresponds to the 50% retracement of the 1.0640 - 1.2350 range.
Source: Bloomberg/MNI
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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