MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

AUD on Top as Sell-Side Slates Further Hikes

FOREX
  • AUD remains the best performer in G10 headed through to the European morning, helping the currency snap a small part of the weakness noted across the second half of last week. Last week's gains resulted in a print above key resistance at 0.6806, Apr 14 high and resistance to watch this week is 0.6818, the May 10 high. A clear break of this level is required to reinstate a bullish theme.
  • NAB's updated RBA view is also helping aide a bounce - they see two further rate rises to tip the rate target to 4.35% - an outcome not currently well priced across bond and STIR markets.
  • The option pipeline this week most notably sees strikes clustered around the 0.67 strike - over A$1.75bln is set to roll off at that mark between now and Friday's cut, turning focus to RBA minutes due tomorrow as well as jobs data and inflation expectations stats on Thursday.
  • JPY is at the bottom-end of the G10 slate, edging lower as USD/JPY extends the partial retracement of the early May weakness. The Monday high is within range of the May 5th best at 136.63. Strength through here opens the 200-dma of 137.05 for direction - after which markets have set the stage for new cycle highs above 137.77.
  • Data slate is typically light for a Monday, with Empire Manufacturing numbers the highlight. Markets look for the headline to deteriorate to -4.0 from +10.8 previously. The speaker slate is busier, with Fed's Bostic (three appearances!), Goolsbee, Kashkari andf Cook all on the docket. ECB's Nagel and BoE's Pill also make appearances.
Energy BulletsCommodities
Energy BulletsCommodities

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.