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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: The risk-barometer cross opened in.......>
AUSSIE-YEN: The risk-barometer cross opened in Asia at Y87.42 at the upper side
of the Y86.98 to Y87.47 range witnessed yesterday, where upbeat China Trade
data, China imports from Australia surged by 25% in October and helped to
underpin the Antipodean. Chinese CPI/PPI for October provide the main event
risks to the session, headline inflation is expected to quicken to 1.8%, from
1.6% prior, while PPI is expected at 6.6%, down from 6.9% last. Bears remain in
the box-seat, with a fourth close below the 100-dma, the cross vulnerable to a
test of the 200-dma at Y86.03. Initial resistance lies at Y87.53-66 (50%/61.8%
fib on Y88.10 to Y86.94 decline, while hourly support is found at Y87.07.
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.