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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.
US DATA
On that slightly bigger than-expected NAHB Housing Market Index fall in November (to 33 vs 36 expected, 38 prior) to a fresh decade-low, and the 10th consecutive month of declines - we continue to highlight that homebuilder sentiment tends to lead a variety of indicators well in advance.
- That includes building permits, construction, and the unemployment rate (see chart).
- And another reminder: deteriorations in housing market confidence from multi-year peaks has previously presaged Fed cutting cycles by a year or two.
Source: BLS, NAHB, MNI
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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