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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 AccessWeekly Update: Trade headlines...>
US EURODLR FUTURES: Weekly Update: Trade headlines wagged markets all week.
- Despite the lead quarterly decline and underperformance of Eurodollar White
pack (EDZ9-EDU0) vs. the balance of the strip, risk-off undertones remained the
underlying theme despite some placating missives sparsely sprinkled about by the
Trump administration.
- Little react to surprise Fed Chair Powell meet w/ Tsy Sec Mnuchin and Pres
Trump on Monday" "POWELL STRESSED POLICY DEPENDENT ON INCOMING DATA". Risk-off
resumed as US Pres Trump said US would just raise tariffs "even higher" if China
"doesn't make a deal" while the human rights/democracy bill in support of Hong
Kong added to safe-haven support in rates.
- Modest risk-off unwind triggered early Thursday after South China Morning
Post (SCMP) headline: "U.S. MAY DELAY DEC. 15 TARIFFS IF PACT NOT REACHED BY
THEN".
- For the week: lead EDZ9 futures slipped 0.007 to 98.09, EDH0 through EDU0
gained 0.005-0.045; Reds (EDZ0-EDU1) 0.060-0.080 higher, while Greens through
Golds (EDZ1-EDU4) gained 0.075-0.100.
To read the full story
Sign up now for free trial access to this content.
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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.