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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Eyes On Cycle Highs
AUD/USD drawing support from the broader risk positive flows, feeding on the bid in e-minis and AUD/JPY demand to last trade 10 pips or so higher around the $0.7385 mark. Initial resistance now located at $0.7403, the cycle high registered on the back of Monday's USD -ve month-end flows.
- On the news flow side Sino-Aussie tensions continue to bubble, whether that be via Chinese probes into Australian wine exports, Huawei pulling back on sponsorship in Australian sport or the detainment of an Australian journalist in China. Still, these tensions are seemingly having little impact on Aussie financial markets.
- The RBA decision headlines the local docket today (no change expected, see our preview for more detail). Elsewhere, building approvals and the latest round of GDP partials will hit on Tuesday. Manufacturing PMIs and CoreLogic house price data have been and gone, with no tangible impact.
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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.