© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Firms Won't Feel Credit Crunch Soon -Atl Fed Survey

MNI BRIEF: Long Mortgages Still Leave Canadians With Big Bills

COLLINS: DECLINE SO FAR IN INFLATION SLOWER THAN ANTICIPATED

MNI: FED BALANCE SHEET TOTAL ASSETS -$20.5B TO $8.436T

MNI: TREASURY GENERAL ACCOUNT $49.5B MAY 24 VS $76.5B PREV DAY

US Treasury Auction Calendar

MNI: Canada Resilient To US Debt Ceiling Clash- Freeland

MNI BRIEF: BOC Defends 2% Target, Senate Asks About Raising It

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

AUD/EUR: 20-Day EMA Caps Recovery

AUD
BulletMarketsForeign Exchange NewsHomepage

AUD/EUR has rallied ~2% off cycle lows seen in early March, the 20-Day EMA ($0.6299) has capped gains in recent dealing.

  • Rate differentials, observed via 2-year swap rates, have eased recently, from -27bps, the peak observed on the 7 March to -60bps, which has likely helped cap upside in the cross.
  • Bulls look to target a break of the 20-Day EMA ($0.6299), from there the 50% retracement of Jan-Mar bear leg at $0.6361 presents as the next target.
  • On the downside is $0.6169, the 2023 low, then $0.60 round number support are the targets for bears.

Fig1: AUD/EUR Daily Spot/EMAs

Keep reading...Show less
108 words

To read the full story

Why Subscribe to

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/EUR has rallied ~2% off cycle lows seen in early March, the 20-Day EMA ($0.6299) has capped gains in recent dealing.

  • Rate differentials, observed via 2-year swap rates, have eased recently, from -27bps, the peak observed on the 7 March to -60bps, which has likely helped cap upside in the cross.
  • Bulls look to target a break of the 20-Day EMA ($0.6299), from there the 50% retracement of Jan-Mar bear leg at $0.6361 presents as the next target.
  • On the downside is $0.6169, the 2023 low, then $0.60 round number support are the targets for bears.

Fig1: AUD/EUR Daily Spot/EMAs

Keep reading...Show less