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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.
AUD
AUD/USD is back above the 0.7000 handle, while AUD/JPY is up 1% on the day.
- The bounce in AUD/JPY is still outperforming the equity trend, see the chart below.
- To be fair, most equity futures are well away from their respective lows for the day. US equity futures have returned to flat. The major Asia-Pac equity indices are still all down on the day, but likewise are well away from worse levels.
- Commodities are also helping, Brent Crude is back above $110. Iron ore is also higher.
- Positive headlines around the Shanghai covid situation and policy support appeared to give markets a positive jolt earlier, otherwise headlines have been fairly limited.
Fig 1: AUD/JPY Vs. S&P 500 E-minis
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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