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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 AccessAt typing AUD/USD trades at $0.6980, 25......>
AUSSIE: At typing AUD/USD trades at $0.6980, 25 pips worse off on the day.
- Local PMI survey from CBA revealed that expansion decelerated in both m'fing &
services sectors, with pessimistic signals noted re: the Australian labour
market, which remains the focal point for the RBA.
- Soon thereafter, APRA required Macquarie, Rabobank & HSBC to tighten the
intra-group funding arrangements, after they improperly reported funding
stability within the group.
- A fresh bout of AUD/USD sell-off emerged as Westpac both front-loaded and
boosted its RBA call and now expects two more 25bps rate cuts in Oct & Feb vs.
their prev. call for one 25bps cut in Nov.
- Downbeat skilled vacancies further fuelled concerns re: Australian labour mkt.
- Bears keep an eye on the 50-DMA, which kicks in at $0.6957, ahead of the 61.8%
fibo retracement of the YtD range at $0.6953. Bulls would be pleased by a return
above the $0.6996-94 zone, which hosts a congestion of recent highs & lows and
provided some support early on. Above returns focus to the $0.7000 mark.
- RBA Gov Lowe speak on "Inflation Targeting and Economic Welfare" tomorrow.
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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.