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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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AUSSIE-YEN: AUDJPY the biggest risk barometer........>
AUSSIE-YEN: AUDJPY the biggest risk barometer currency has been on an impressive
run, rising 400+ pips off the Oct 26 low to briefly make a show above the 83
level. Mild risk aversion/profit taking has seen a minor retracement to Y82.34,
with bulls eager to close the week above the 200-dma at Y82.09 to extend the
rally. Resistance remains at Y83.82-92 from the 50% retracement of 2018 range &
Sep 19 high. A close below the 200-dma & subsequent reversal back under Y82.00,
opens broken down trendline resistance-turned-support at Y81.79, ahead of the
38.2% fibo of the recent uptrend & 100-dma at Y81.33/24 AUDJPY last Y82.40.
To read the full story
Sign up now for free trial access to this content.
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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.