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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: China CFETS Yuan Index Up 0.01% In Week of Nov 29
MNI BRIEF: Japan Q3 Capex Up Q/Q; GDP Revised Lower
MNI FX Technical Signal Monitor -.............>
FOREX: MNI FX Technical Signal Monitor - Antipodeans Bearish
There has been a big shift in the Antipodeans after the RBNZ unexpectedly cut
the OCR by 50bps to 1.00% overnight.
- NZDUSD down 12 of the last 13 sessions slammed through 0.6400 to 0.6378, its
lowest levels since Jan 2016. Kiwi technicals have turned in the past week from
a balanced outlook to bearish. Note, NZDUSD remains heavily oversold with an RSI
reading of 23.
- AUDUSD & AUDJPY are currently generating a clean sweep of bearish signals,
according to the MNI FX Technical Signal Monitor.
- AUDUSD down 13 of the last 14 sessions printed 10-year lows of 0.6677.
- AUDCHF based at 0.6508 and is currently charting a hammer candle which is
normally a bullish reversal pattern.
- USDCAD is starting to display a more positive outlook, but will need a close
above the 100 & 200-dma's to cement the uptrend. The move coincided with Brent
which is currently in bear market territory, down +20% off the April 25 peak.
https://emedia.marketnews.com/marketnewsintl/MNI_FX_Signal_Monitor_Aug7.png
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.