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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.
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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 deals at $0.6977, virtually.....>
AUSSIE: AUD/USD last deals at $0.6977, virtually unchanged on the day.
Australian AiG construction PMI moved further into contractionary territory and
printed at 40.4 vs. the prior 42.6.
- Yesterday's ECB MonPol decision somewhat disappointed dovish hopes, putting a
bid into EUR, which applied pressure to DXY. Fresh USD weakness provided support
to AUD/USD allowing it to top out just shy of $0.6995, which represents the
38.2% fibo retracement of the move from $0.7206 to $0.6865. The pair then eased
a tad into the close and finished just 7 pips higher.
- Bulls look for a break above the aforementioned $0.6995 level and the $0.7000
mark before challenging the 50-DMA, which comes in at $0.7021. The initial layer
of support is provided by $0.6964/63, where the rate bottomed on
Wednesday/Thursday respectively. Below here opens the 21-DMA at $0.6932.
- Following a review, the RBA has decided to adjust its committed liquidity
facility. For the details see the latest RBA bullet.
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.