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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 round tripped from an intraday.......>
AUSSIE: AUD/USD round tripped from an intraday high of $0.6733 Monday, finishing
right where it closed on Friday, at $0.6714. The initial impetus was provided by
China's pledge to add efficient fiscal stimulus & upbeat rhetoric re:
coronavirus from a Wuhan hospital head. However, the rate shed those gains
through European & U.S. hours. Liquidity may have been sapped by a market
holiday in the U.S.
- The pair trades flat at $0.6714. A familiar technical picture remains in play,
with bulls targeting trendline resistance at $0.6736. A break here would expose
the Feb 5 high of $0.6774. Meanwhile, bears keep an eye on the Feb 13 low of
$0.6707 & a fall below there would bring the Feb 10 multi-year low of $0.6660
into view.
- Today's highlight is the publication of the minutes from the RBA's February
monetary policy meeting, during which members left the cash rate unch. at 0.75%.
- Data focus turns to Aussie skilled vacancies & wage price index (Wednesday),
labour market report (Thursday) & flash CBA PMIs (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.