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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
USD Sales Tip EUR/USD, GBP/USD to Intraday Highs
- Another modest wave of weakness in the greenback tilts EUR/USD and GBP/USD to the best levels of the day - but both pairs still a way off the Thursday highs - this keeps 1.2387 the next intraday upside level in GBP/USD, while EUR/USD eyes 1.0757.
- Despite the grind higher for both pairs, volumes are lower than recent averages, after several sessions of above-normal activity. US data crossing in an hour could change things, with the data deluge coming ahead of an early US close.
- Softer USD coming alongside the firming US equity picture, as the e-mini S&P trades through earlier highs to narrow gap with 4175.50. Equity gains are gradual here, and not headline driven, with small clips evident on the way through 4160.00. Futures now point to a higher cash open on Wall Street, with tech names again outperforming.
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.