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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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Free Access*Dec12 Aussie-dollar open $0.7526,...>
AUSSIE SUMMARY: *Dec12 Aussie-dollar open $0.7526, range $0.7519 to $0.7535
*Aussie opened in Asia toward the middle of the $0.7504 to $0.7545 range
witnessed yesterday, where firmer base metals, prices rose from 0.4 to 2.6% on
the London Metal Exchange, helped to underpin the Aussie
*The pair traded sideways around $0.7530 ahead of local economic data
*Weaker Aussie home price and business confidence data saw the pair trade a
fraction softer, the rate eased from $0.7527 to $0.7519.
*The move proved only a temporary blip, the Aussie recovered to $0.7535 ahead of
the European open
*Hourly resistance is noted at $0.7555, a break to open $0.7570 (Dec7 high),
while yesterday's base at $0.7502 provides initial support, a break to expose
$0.7492, which marks the weekly trend-line support off $0.6827 low on Jan 15
2016.
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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.