MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1285

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

Japan Jun Core CPI +2.6% Y/Y; Energy Price Up

MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AUDUSD Range Trading, Bullish Theme Intact

AUD
BulletMarketsForeign Exchange BulletsHomepage

AUDUSD range traded on Tuesday and is only down slightly. The pair rose to a high of 0.6679 but then moderated back towards previous key short-term resistance at 0.6668, where it is currently trading, finding some support from stronger US equities and commodities. The greenback strengthened briefly following Fed Waller’s comments. The USD index is up 0.1%.

  • The bullish AUDUSD theme remains intact and initial resistance is at 0.6714, May 16 high. Initial support is at 0.6604, 20-day EMA.
  • AUDJPY is down 0.1% at 104.12. AUDNZD is 0.2% higher at 1.0940 ahead of the RBNZ decision later. Rates are expected to stay at 5.5%. AUDEUR is flat at 0.6141 and AUDGBP is down slightly at 0.5246.
  • Equities were mixed with the S&P up 0.3% but Euro stoxx down 0.5%. Oil prices were lower with WTI down 1.4% to $78.22. Copper rose 0.5% and iron ore is higher at around $122/t.
  • There are no data or events in Australia today.
156 words

To read the full story

Close

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.

AUDUSD range traded on Tuesday and is only down slightly. The pair rose to a high of 0.6679 but then moderated back towards previous key short-term resistance at 0.6668, where it is currently trading, finding some support from stronger US equities and commodities. The greenback strengthened briefly following Fed Waller’s comments. The USD index is up 0.1%.

  • The bullish AUDUSD theme remains intact and initial resistance is at 0.6714, May 16 high. Initial support is at 0.6604, 20-day EMA.
  • AUDJPY is down 0.1% at 104.12. AUDNZD is 0.2% higher at 1.0940 ahead of the RBNZ decision later. Rates are expected to stay at 5.5%. AUDEUR is flat at 0.6141 and AUDGBP is down slightly at 0.5246.
  • Equities were mixed with the S&P up 0.3% but Euro stoxx down 0.5%. Oil prices were lower with WTI down 1.4% to $78.22. Copper rose 0.5% and iron ore is higher at around $122/t.
  • There are no data or events in Australia today.