Free Trial

AUD outperformed in Asia/Europe and remains...>

FOREX
FOREX: AUD outperformed in Asia/Europe and remains top of the G10 pile with
gains of 0.65% against the USD. A near $30 recovery in gold prices off the long
term ascending support line has prompted a sharp move higher in commodity based
FX. AUDUSD holds near the peak of its $0.7427-81 range with resistance seen on
approach to $0.7500 ($0.7494 - 50% $0.7677-0.7311, Kijun line). NZDUSD continues
to improve off last week's multi-year lows to $0.6859. USDCAD eases to C$1.3069
with main focus on Wednesday's rate decision where a 25bp hike to 1.5% is
largely priced in.

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.