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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
AUD/USD last $0.7318, trading a touch........>
AUSSIE: AUD/USD last $0.7318, trading a touch higher overnight as the Aussie has
licked initial wounds after a poor first half of the Asia-Pac session.
- The rate started the day set on a downside path after USTR Lighthizer said
that the U.S. is planning to equalise its tariffs on vehicles imported from
China to levels currently charged by Bejing (40%).
- However, after hitting session lows at $0.7295, AUD/USD reversed path on the
back of broader dollar weakness.
- Worth noting that the rate has operated within a fairly narrow range.
- Bulls look to a break above yesterday's high at $0.7321, which would open up
the Nov 16 high/upper Bollinger band (2%) at $0.7338, while initial support is
located at the 21-DMA/100-DMA at $0.7246/44 and a fall through that level would
shift bearish focus to yesterday's lows of $0.7221.
- Australian docket towards the end of the week is rather dry and includes
private sector credit figures due Friday. Trump-Xi meeting Saturday will also be
of interest.
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.