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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
AUD/USD operated within a 24 pip range.......>
AUSSIE: AUD/USD operated within a 24 pip range overnight and is now back to
nearly unchanged at $0.6774. Highlight on the local docket today were the
minutes of the RBA's latest monetary policy meeting, but the release saw muted
reaction in the FX space. The document revealed that RBA members weighed a
number of potential impediments to monetary stimulus, but these factors failed
to outweigh the case for a rate cut.
- Elsewhere in local data, ANZ Roy Morgan weekly consumer confidence index
slipped to 110.9 from the previous 112.3.
- The pair showed above its 50-DMA of $0.6779, but failed to consolidate there.
A firm rally through the level would shift bullish focus to $0.6809-11, a
resistance zone hosting the high of Sep 20/61.8% retracement of the Sep 12 - Oct
2 slide & the high of Oct 11. Bears look for a downside breach of the 21-DMA,
which intersects at $0.6764 and provided support overnight. Below opens Monday's
low of $0.6751.
- Aussie labour market report and a speech from RBA Dep Gov Debele are due
Thursday, before the central bank's chief Lowe appears on Friday.
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.