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Why MNI
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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.
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Free AccessMNI US OPEN - Trump Warns BRICS Over Moving Away From USD
MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
AUD/USD deals just a handful of pips shy.....>
AUSSIE: AUD/USD deals just a handful of pips shy of the intraday high at
$0.7220, last $0.7216, after advancing 30 pips in the Asia-Pacific session. AUD
drew support from a drop in USD/CNH amid growing optimism re: the potential for
a high level U.S.-China trade summit later this month, while USD struggled on
the back of dovish Fed rhetoric & PResident Trump making threats re: the border
wall.
- Worth mentioning the pair added about a dozen pips upon the release of a
strong AU retail sales print, but the initial effect quickly faded.
- Bulls look for a breach of $0.7220, which capped gains overnight, before
targeting the 76.4% fibo retracement of the move from $0.7394 to $0.6741 at
$0.7240, followed by reported resistance at $0.7250. Conversely, initial
downside focus falls on the cloud base at C$0.7207 and a break below would bring
the 50-DMA/55-DMA at $0.7188/83 into view.
- Aussie economic releases next week include Melbourne Institute inflation
figures due Monday, consumer confidence due Wednesday and home loans due
Thursday.
To read the full story
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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.