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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 AccessMNI Eurozone Inflation Preview - November 2024
MNI POLITICAL RISK - Trump Initiates Tariff Negotiations
USD on top as inflation slows across Europe...>
FOREX: USD on top as inflation slows across Europe
-Both UK and Eurozone inflation measures fell below expectations, hurting both
the GBP and EUR and helping lift the greenback to be the day's top performer in
the majors. EUR/USD and GBP/USD slipped below major psychological support at the
$1.2350 and $1.42 levels respectively as both March CPIs slowed considerably.
-For EUR/USD, Key medium term support remains at 1.2215 with the 100-dma at
1.2194. Gains back above 1.2413/14 needed to return some stability to the
near-term picture.
-USD/JPY trended higher across Asia on the continued climbdown in tensions on
the Korean peninsula, moving in tandem with global equities, with futures higher
across Asia, the US and Europe.
-Commodity currencies trade weaker primarily as a result of the stronger USD, as
both energy and metals markets continue to ebb higher.
-Focus for the rest of the session turns to Canada with the BoC rate decision,
which is expected to come in unchanged, followed by New Zealand CPI due
overnight.
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.