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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 AccessAUD/USD last deals at $0.6996, 5 pips or.....>
AUSSIE: AUD/USD last deals at $0.6996, 5 pips or so lower on the day. Australian
markets are shut for a national holiday today.
- On Friday, the rate edged lower before skyrocketing as U.S. NFP data
significantly missed expectations. Subsequent greenback sales lifted the pair to
its intraday high of $0.7022, just ahead of the WMR fix, but some of the gains
were pared into the close.
- Bulls look to the 50-DMA & upper 1.0% 10-DMA envelope located at $0.7022.
Above here opens the upper Bollinger band (3%) at $0.7043. Bears eye the 100-HMA
at $0.6984 and a breach of the level would expose $0.6963/64, which limited
losses last Wednesday, Thursday & Friday.
- Points of note in the Australian economic docket this week are NAB business
confidence (Tuesday), Westpac consumer confidence (Wednesday) and the report on
domestic labour market (Thursday), which will be closely scrutinised by the RBA.
The central bank's Asst Govs Kent & Ellis both speak on Wednesday.
- Today's release of China's trade balance data will also provide 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.