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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.
MYR
USD/MYR prints at 4.4980/5020, the pair rose ~0.4% yesterday printing its highest level since 17 March.
- MYR was pressured yesterday as concerns over the slowing global economy weighed. Palm Oil futures fell ~1% on Monday and are down a further ~1.3% today.
- Bulls now target the high from Mar 9 at 4.5317. Bears first look to break the 20-Day EMA (4.4567) to turn the tide.
- Looking ahead, Friday's April Trade Balance provides the only data of note this week. A surplus of MYR21.20bn is expected.
Fig 1: USD/MYR Daily Spot
Source: MNI/Bloomberg
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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