TRUDEAU SAYS IT LOOKS LIKE BOC WILL BE LOWERING RATE AGAIN

MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUD/NZD Slightly Lower, Hold Above 100-Day EMA After A Small Bounce Late

NZD
  • The AUD/NZD has traded lower for the fourth straight session, slipping 0.09% to 1.0953. The cross did see a small late bounce after hitting a session low of 1.0941.
  • The cross broke back below the 20 & 50-day EMAs on Tuesday, and is trading just above the 100-day EMA now, the 14-Day RSI is steady at 46, while the MACD is printing a small red bar on Wednesday. Initial support is at 1.0937 (100-day EMA), a break here would open a move to 1.0889 (200-day EMA), while to the upside 1.1000 (round number) is key resistance.
  • RBA dated OIS is pricing in little chance of a cut over the next two meetings, in line with what the RBA has come out saying, December OIS is back to pricing in 25bps of cuts, with a jump to 40bps of cuts at the Feb meeting.
  • The AU-NZ 2yr swap spread fell 5ps on Wednesday to -10bps
  • Expiries: 1.1300 ($601.78m) for Aug 22nd NY cut,
  • Today, we have Judo Bank PMI and 2028 bond auction
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.