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Why MNI
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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/PHP Grinds Towards PHP50
Spot USD/PHP has round tripped from PHP49.958, as it showed at its strongest level in more than a year. The rate last sits +0.052 at PHP49.857. A clearance of the nearby PHP50.000 figure would allow bulls to set their sights on Jun 23, 2020 high of PHP50.245. Bears look for a fall through Jul 2 low of PHP49.085.
- USD/PHP 1-month NDF sits +0.070 at PHP50.150. Topside focus falls on yesterday's high at PHP50.210, followed by Jun 23, 2020 high of PHP50.360. Bears would be pleased by a dip through Jul 2 low of PHP49.250.
- Philippine bourse CEO noted that market sentiment is "very positive," adding that the bourse targets bigger IPO size in H2.
- Looking ahead, Philippine trade balance for the month of May will be released this Friday.
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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.