Free Trial

AUD/USD charted a Doji candlestick on........>

AUSSIE
AUSSIE: AUD/USD charted a Doji candlestick on Wednesday, as it retreated from a
new monthly high in the second half of the day. Although it faded marginally in
early Asia-Pac trade, amid a soft Westpac cons. conf. print & a more aggressive
RBA easing call from NAB, reprieve was then brought by Global Time's Editor in
Chief, who tweeted that China is willing to mitigate the negative impact of the
trade war. After topping out at $0.6885, however, the rate faded, weighed on by
pre-ECB greenback purchases.
- AUD/USD last trades flat at $0.6861, with bears keeping an eye on $0.6849,
which was tested but not breached both yesterday and the day before. Below would
expose $0.6832, the 38.2% fibo retracement of the Jul-Aug slide. Bulls target
the 50.0% retracement of that range/yesterday's peak at $0.6880/85, ahead of the
next round figure above, which capped gains on the last day of July.
- The RBA identified 10 documents re: unconventional MonPol in response to a
Freedom of Information request lodged by BBG. It refused to disclose any of them
& revealed the title of just one ("Unconventional Monetary Policy spreadsheet").
- Australian consumer inflation expectation is due later today.

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.