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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/ZAR Fails to Hold Below 13.70, USD Fighting Back
- USD/ZAR opens higher in line with a firmer greenback, moving back towards 13.18 resistance – mirroring USD/CNH price action.
- SA continues to suffer from load-shedding (rolling blackouts) woes, with power cuts forecast until Friday.
- Bonds trading near key supports should be ZAR supportive if we can confirm a break lower, but ZAR remains most vulnerable to shifts in risk sentiment at this juncture.
- Moves to cut minister benefits and a return to profitability for SABC are both net positives.
- However, mounting pressure on HealthMin Mkhize to step aside amid corruption investigations risk instability in the vaccine rollout – which appears to be picking up steadily.
- Virus cases ticking up at 3,614 but not currently at threatening levels. Commodities providing little support to ZAR: gold -0.15%, platinum -0.74%.
- Intraday Sup1: 13.7675, Sup2: 13.678, Res1: 13.8163, Res2: 13.8573
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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.