FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Narrow Ranges Across G-10 FX

FOREX

There has been a muted start across G-10 FX on Monday, ranges have been narrow with little follow through on moves.

  • AUD/USD sits a touch below the $0.65 handle, the pair is marginally below opening levels. Technically short term conditions remain bearish, bears target the low from May 31 ($0.6458) a break through here opens $0.6403, 76.4% retracement of Oct 22-Feb 2023 bull leg.
  • Kiwi is down ~0.1%, July PSI printed at its weakest level since Jan 2022 this morning.
  • Yen is little changed with narrow ranges persisting thus far. The uptrend remains firmly intact, bulls target a break of ¥145.07 the high from June 30 and bull trigger. A break through here open ¥145.69, 1.618 projection of Jul 14-21 price swings, and ¥146.38, Jul 14-21-28 price swing.
  • Cross asset wise; US Tsy Yields are a touch firmer as is BBDXY. US Equity futures sit ~0.2% higher.
  • There is a thin docket on Monday with German Wholesale Prices the only release of note.
Energy BulletsCommodities
Energy BulletsCommodities

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.