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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.
AUD
AUD/USD is probing higher. The currency is the best performer in the G10 space so far today, up 0.35%, last in the 0.6440/45 region. This is probing the 20-day EMA resistance point. Breaks above this level didn't prove sustainable in late August/early July, see the chart below.
- US Treasury futures breaching Wednesday highs is weighing on broader USD sentiment, with the BBDXY nearly off 0.15%. US equity futures are also higher, which is likely aiding risk appetite, although the JPY is largely keeping pace with AUD and NZD gains.
- Coming up in a little while is August employment data.
Fig 1: AUD/USD & Key EMAs
Source: MNI - Market News/Bloomberg
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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