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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/GBP marginally extended cycle lows yesterday, the pair fell ~0.7% from Asian session highs as BOE Chief Economist Pill noted that latest data shows more persistent inflation.
- In early dealing on Tuesday the pair is little changed from opening levels last printing at £0.5140/45.
- Having breached cycle lows yesterday, bears can now target the £0.50 handle and the March 2020 low at £0.4795.
- On the upside bulls look to first reclaim the £0.52 handle, the 20-Day EMA comes in at £0.5198. A break through here opens the high from 20 July (£0.5304).
Fig 1: AUD/GBP Daily Spot, EMAs
Source: MN/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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