Free Trial
FOREX

Cautious, Tight Start

MYR

Ringgit Sell-Off Stalls

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
AUSSIE
AUSSIE: AUD/USD has stuck to a narrow ~20 pip range thus far, last sitting
around best levels at $0.7240, a handful of pips higher on the day.
- After dwindling optimism re: China-U.S. trade matters was evident Thursday,
the latest round of comments from U.S. President Trump and China's MOFCOM seem
to point to optimism regarding the matter, in spite of the detention of a Huawei
executive in Canada, with the U.S. seeking her extradition.
- Up trendline support from the Oct lows has given way, with bears targeting the
$0.7200 level ahead of the 50-DMA at $0.7185. Bulls ultimately need to clear
$0.7400, with more immediate resistance noted at yesterday's intraday high of
$0.7274.
- Also worth highlighting a wide swathe of AUD/USD FX option expiries at today's
10:00 NY cut: $0.7250 (A$4.44bn), $0.7260 (A$1.59bn), $0.7300 (A$1.16bn),
$0.7350 (A$1.5bn), $0.7360 (A$1.05bn), $0.7400 (A$1.08bn).
- NAB biz conf & house price data dominate the Australian economic docket next
week, with RBA's Kent due to speak Monday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.