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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.
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Free AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
USD has pared some gains
- After trading in the green throughout the overnight session, early European and US session, the Dollar has given back most of its gains versus all G10s following the US ADP miss, albeit now closer to flat with AUD, CAD, JPY, CHF, NZD, and the British Pound.
- The SEK is the best performer, up over half a percent, and next support in USDSEK will be seen at 10.2826, the very short term 38.2% retrace of the Dec/Jan gains.
- EURUSD has broken its tight range to break Yesterday's high, with small resistance seen at 1.0872, although most market participants will look at 1.0884, Friday's high as the first area of interest.
- Emini falling to session low, could limit some of the Dollar downside.
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.