MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Lowest Since May, Rate Differentials Tick Wider

AUDNZD

AUD/NZD printed its lowest level since late May yesterday, marginally paring losses as support came in ahead of the $1.07 handle.

  • In early dealing this morning the pair sits little changed from opening levels at $1.0725/30.
  • Rate differentials, observed via 2-Year Swaps, continue to tick wider and sit at -140bps.
  • The 20-Day EMA has crossed the 200-Day EMA signalling more scope for potential downside. Bears now target a break of the $1.07 handle and YTD lows ($1.0560). From here they can target 2022 lows at $1.0471.
  • On the upside bears target a move above $1.08 to target the 200-Day EMA ($1.0840). This opens the high from 18 Sep ($1.0923), $1.10 handle and YTD highs ($1.1088).
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

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.