MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

BOC WILL BE CONSDIERING FURTHER RATE CUTS

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

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 Resistance Intact as Pair Turns Lower Post-RBA

FOREX
  • Another positive close for stocks across Asia-Pac continues to support sentiment headed into Europe's Tuesday session, although European index futures are in minor negative territory, indicating a small pullback at the cash open in around 45 minutes time.
  • AUD certainly the most volatile among G10 overnight, with the RBA's decision to stick to a cautious taper initially boosting AUD, only for progress to be countered by an extension of the QE programme into mid-February next year. AUD/USD hi/lo sits at 0.7468/0.7412. This keeps resistance intact at 0.7478 and progress through here would open the 100-dma at 0.7541. Option interest at 0.7410-15 could keep prices anchored alongside a larger expiry for tomorrow's cut at 0.7425.
  • Solid finish for Asian equities puts USD/JPY well off the overnight lows of 109.69, with similar price action noted in EUR, GBP/JPY also.
  • Chinese trade data overnight showed a larger than expected surplus, with both exports and imports %change well ahead of expectations.
  • Germany's ZEW survey and final Eurozone GDP (exp. Unrevised) are the data highlights. BoE MPC member Saunders is due to speak at an 'Ask the Expert' event, delivering an economic briefing and answering questions.
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.