Free Trial

We have seen a number of interesting moves....>

FOREX
FOREX: We have seen a number of interesting moves in Asian crosses today with
Asian FX largely underperforming the euro, and the yen outperforming within the
region.
- KRWJPY trades back down through 10.00 and its 200-dma to warn of a topping
pattern which could send the pair significantly lower in line with the recent
drop in real yield spreads. 
- EURCNH has started the week on a strong note with bulls extending last week's
recovery to challenge the 7.90 level and down trendline resistance from the Sep
highs. 
- CNHKRW has extended its recent positive trend to warn of a potential bottoming
pattern, which would be triggered on a break above down trendline resistance
which comes in at 164.00.

To read the full story

Close

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.