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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 Access*Dec6 aussie-dollar open $0.7607,....>
AUSSIE SUMMARY: *Dec6 aussie-dollar open $0.7607, range $0.7572 to $0.7634
*Aussie consolidated ahead of the local data and held a $0.7600 to $0.7615 range
*Softer than expected Aussie Q3 GDP placed the Aussie under pressure, however,
the price action seemed most strange, from 0.7613 to $0.7634 and then down to
$0.7576 before stabilising and all within a blink of an eye.
*Q3 GDP rose 0.6% q/q against MNI's median of 0.7% q/q and 2.8% y/y against our
median of 3.0%.
*The move extended to $0.7572 before meeting local corporate demand. Rallies
were limited to $0.7591 and for the balance of the session the pair consolidated
in a $0.7575 to $0.7585 range.
*Support is now seen at $0.7552 (Dec1 and Nov29 lows), while hourly resistance
is located at $0.7591.
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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.