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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 AccessEdging Higher After A Negative Week
AUD/USD has added a handful of pips in early Asia-Pac trade after wrapping up last week as one of the worst G10 performers. Local news flow from over the weekend was fairly limited, failing to provide any meaningful market impetus.
- Domestic headline flow in Australia has been dominated by questions surrounding the re-opening timelines, while the Global Times has circulated some usual hawkish commentary re: Sino-Australian relationship.
- The Australian docket is empty today, tomorrow's house price data and NAB Business Confidence are the next releases of note. Westpac Consumer Confidence hits Wednesday, while the closely watched labour market report comes out Thursday.
- The RBA speaker slate this week includes Lowe, Ellis & Jones, all due to appear Tuesday.
- When this is being typed, AUD/USD trades +10 pips at $0.7366. Bulls look to further gains past Sep 3 high of $0.7478, which would open up the 50% retracement of the May - Aug sell-off/Jul 13 high at $0.7499/0.7503. Bears need a fall through Sep 8 low of $0.7345 before taking aim at Aug 30 low of $0.7285.
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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.