Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI 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
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
- 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