Free Trial

What to watch

MARKET INSIGHT
  • Final PMI prints dominate the calendar for the day ahead with the most significant the ISM services print in the US. Despite being the talking points, given most of the prints are final they are unlikely to be hugely market moving.
  • Outside of this we have a busy day of supply across Europe with the EU holding a 20-year Green syndication, UK selling 5-year gilts, Austria selling 10/25-year RAGBs and Germany selling linkers. In addition we have bill sales from Spain, Belgium and the ESM.
  • The big mover overnight was AUD after the RBA dropped its reference to patient, in a hawkish post-meeting statement, and instead focused on upside risks to inflation. AUDUSD rose from around 0.7540 ahead of the decision to hit a high of 0.7618 in early European trading, its highest level since June 2021, finally breaking above the October 2021 resistance.

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.