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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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
AUD/USD trades flat at $0.6801 after.........>
AUSSIE: AUD/USD trades flat at $0.6801 after adding 28 pips yesterday.
- A speech delivered by RBA Governor Lowe yesterday evening propped up the
Aussie, as investors focused on mentions of Australia's strong fundamentals and
expectation of a further pick-up in growth as the country has reached a "gentle
turning point." These remarks offset Lowe's declaration of preparedness to ease
policy further if needed. A weaker USD, coming under pressure of a possible
impeachment probe into Trump and U.S. President's combative rhetoric re: China
and tech giants, allowed AUD/USD to extend its earlier gains.
- The rate struggled to make much headway beyond the 61.8% retracement of its
Sep 3-12 rally at $0.6767 the last two sessions, bottoming at $0.6765 on either
day, which returns focus to the topside. Bulls look for the 50-DMA at $0.6825 to
give way before targeting $0.6831/32, which represents the Sep 17 low & Sep 19
high/38.2% retracement of the Jul 19-Aug 7 slide. Bears would be pleased by a
penetration of the aforesaid $0.6767-65 zone and the low of Sep 20 at $0.6760.
- Australian skilled vacancies data will be released later today, with job
vacancies coming up 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.