Free Trial

Local traders have highlighted several.......>

AUSSIE
AUSSIE: Local traders have highlighted several option expiries today as the
reason for the Aussie's lacklustre performance, 'In the absence of any
particular catalyst to trade, options strikes at $0.7825 (A$370mn), $0.7830
(A$1.86bn) and $0.7850 (A$910mn) will likely contain the ranges, at least for
the Asia session'. US Housing Starts and Building Permits provide the next event
risk ahead of FOMC minutes later in the day. Tech wise, initial support is found
at $0.7808 (Aug15 low), with key support seen at $0.7784 (38.2% $0.7329-$0.8066
rise), while hourly resistance lies ahead of $0.7850. 

To read the full story

Close

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.