-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUSD/RUB Gaps Lower on Firmer Oil, FOMC & Tentative Signs of Improving US Ties
- USD/RUB gaps sharply lower this morning, playing catch-up to early selling pressure on the BBDXY, firmer oil markets and tentative optimism RE US-Russia ties.
- Yesterday's USD weakness post-FOMC continues to filter through into today's session after Powell downplayed inflation and tapering concerns – but paid lip service to stronger economic and employment activity coming closer to its goals.
- The net-result has been USD weakness thus far and more accommodative risk conditions.
- Oil markets firmed overnight on a larger than expected EIA inventory draw, supporting demand-side sentiment.
- Focus remains on yesterday's high (75.32), with a close above reinforcing bullish conditions after two consecutive spinning top candles.
- Yesterday's strategic stability talks delivered in line with our base case of "constructive" talks with agreements to discuss more as both sides have mutual interests in the area.
- This represents a slight improvement in relations, coming off a low base, but how the two sides act in the lead-up to September meetings will be vital in assessing their longevity.
- Nato comments today will also be watched closely for Tone RE yesterday's meeting. Cyber security talks, however, continue to show promise with Russia indicating a willingness to compromise and address issues.
- Intraday Sup1: 73.0236, Sup2: 73.8201, Res1: 73.3609, Res2: 73.6638
Brent Oil
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.