Free Trial

Weaker-than-expected ADP data (+163k).........>

FOREX
FOREX: Weaker-than-expected ADP data (+163k) triggers renewed dollar weakness as
the EUR lifts to $1.1649 with focus on the Asia high at $1.1659. GBPUSD squeezes
to $1.2960 and seen approaching yesterday's spike hike at $1.2983. Expect
resistance behind at $1.3000, a break opens the 50-dma at $1.3013 which has been
hard to overcome in recent sessions.

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.