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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 AccessUS Trump comments Tuesday provided a....>
EURO-DOLLAR: US Trump comments Tuesday provided a knock to hopes for a near term
positive development in Sino-US trade negotiations, placed pressure on UST
yields and equities. Reaction was to place further pressure on the USD which
allowed EUR/USD to extend its recent recovery to $1.1094 in post fix trade,
though momentum not enough to place any meaningful pressure on the key tech
resistance at $1.1097(Nov21). Loss of momentum saw rate drift back to $1.1079,
closing the day at $1.1082. Early consolidation in Asia before rate extended its
corrective pullback to $1.1074, trading toward this low ahead of the European
open.
- Final Services PMI's due for release this morning in the EZ and provides the
morning's data interest. US ADP (ahead of Friday's NFP) and non-mfg ISM provide
the interest into the afternoon.
- Speakers include ECB Villeroy, Visco, Makhlouf and de Cos. Watch for any US
Trump comments as he attends NATO meeting.
- Support $1.1066, $1.1050/40, $1.1005/00. Resistance $1.1094/97, possible
option related resistance into $1.1100.
To read the full story
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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.