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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/EUR firmed above the €0.63 handle in the aftermath of the Australian Labor market report, printing the highest level in the cross since Mar 7, on Thursday before paring gains after the ECB hiked rates 25bps.
- Despite being unable to sustain a break of €0.63, the pair did consolidate gains in the NY session to finish ~0.2% higher. We last print at €0.6285/90.
- Bulls look to sustain a break of €0.63 which opens the 200-Day EMA (€0.6322). A break through here opens €0.6394 high from 27 February.
- On the downside bears target the 20-day EMA (€0.6207).
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.
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