Free Trial
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/EUR has printed its highest level since late March, post RBA gains were extended yesterday as ECB Consumer Inflation expectations eased in April.
- The pair rose ~1% and broke resistance at €0.6230 (high from Apr 3), we last print at €0.6240/45.
- On the upside the high from March 15 (€0.6307) is the next target for bulls, from here they can target the 200-Day EMA (€0.6325).
- Bears first target a break of the €0.62 handle which opens the 20-Day EMA (€0.6141).
- RBA Gov. Lowe speaks shortly, and Deputy Gov Bullock also crosses after. Q1 GDP from Australia is also due, a rise of 0.3% Q/Q is expected.
Fig 1: AUD/EUR Daily Spot, EMAs
Source: MNI/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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok