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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 trades at $0.6855, little changed....>
AUSSIE: AUD/USD trades at $0.6855, little changed ahead of the key Australian
labour mkt report. With the RBA focused on promoting full employment, jobs data
is certainly a factor to watch, especially after a bleak report from last month.
- The rate charted a Doji candlestick on Wednesday, after fluctuating within a
relatively tight, 25 pip range. Bulls look for a firm push above the 200-DMA at
$0.6906, which would bring the Dec 13 multi-month high of $0.6939 into view. On
the downside, the initial focus is on the 50-DNA at $0.6835. A break here would
expose the 100-DMA/psychological support & low of Dec 10 at $0.6807/00.
- Australian Dept of Industry published its Resources and Energy Quarterly
report, which (1) highlighted Australia's potential to become the world's no. 1
gold producer; (2) saw Australia poised to outpace Qatar as the top LNG
exporter; (3) predicted a drop in iron ore prices in '20; (4) warned of a 20%
decline in revenue from coal exports in '20 amid falling prices. The full report
can be accessed at http://tiny.cc/REQ.
- There are no more Aussie data releases scheduled for this week, but the PBoC
monthly LPR fixing will provide some interest tomorrow.
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.