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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 AccessWhite House economic adviser Larry......>
EURO-DOLLAR: White House economic adviser Larry Kudlow comments that trade
negotiators expected to hold talks in the next 10 days, adding that a Chinese
delegation would come to the US in Sep, provided an early boost for risk. This
early view allowed EUR/USD to edge up to $1.1101 but move ran into headwind
resistance which countered. Trump comments on Huawei (90-day reprieve rolls off
today, possible extension?) bruised the early positive tone but didn't reverse
it. Rate eased to $1.1088 then settled around $1.1090 into Europe. Asian
traders link resistance at and above $1.1100 to option expiries in this region
over the next few days. Option expiries for today's NY cut seen at
$1.1090-00(E687mln), $1.1110-15(E700mln). Support $1.1080, $1.1050.
- A very light data calendar Monday, EU Current Account 0800GMT. EZ Inflation
data at 0900GMT. Not usually a market mover as normally rubber stamps the flash
release.
- Attention this week on Italy politics (PM Conte no-confidence vote Tuesday).
Flash PMI's from France, Germany and EZ and ECB Minutes Thursday.
- US FOMC Minutes Aug21, Fed Powell speaks at Jackson Hole Aug23.
To read the full story
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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.