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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 China Daily Summary: Wednesday, December 11
USD: Greenback Gains as EUR/USD Slips Through Support
- EUR/USD takes out the Monday low a the USD picks up into the NY crossover - although mirrored move in yields, as the 10y holds close to the day's lows of 4.225%. Today's low equals the 1.0862 print on Jul12 and may slow the pace at which a golden cross forms in DMA space (50-dma rises above the 200-dma), although this still seems inevitable.
- Overall currency volumes are muted, with cumulative activity across EUR futures around 15% below average for this time of day.
- The uptick in the USD Index helps USD/JPY recover off the day's low of 155.83, however the outlook remains notably negative as markets look ahead to next week's duelling Fed and BoJ decisions. Y155.33/38 marks layered intraday support.
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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.