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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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Free AccessNarrow Ranges In Asia
The greenback has observed narrow ranges in Asia today, BBDXY briefly breached Monday's lows however losses were erased and the USD is flat. US Tsy Yields reopened lower, the 10 Year Yield is down ~17bps. Regional equities and US Equity futures are higher, WTI has trimmed yesterday's gains falling ~0.5%.
- Yen is unchanged, USD/JPY is see-sawing around the ¥148.50 handle in narrow ranges. Technically the pair is still in an uptrend, key support is at ¥147.43 the low from Oct 3 and resistance is at ¥150.16 high from Oct 3 and bull trigger.
- AUD/USD is up ~0.1% and last prints at $0.6415/20. Westpac consumer confidence rose 2.9% to 82 in October, the highest since April when the RBA paused its tightening cycle for the first time. Technically the trend remains bearish, support comes in at $0.6287 2.00 projection of the Jun 16-Jun 29-Jul 13 price swing. Resistance is at $0.6501, high from Sep 29.
- Kiwi is little changed from opening levels, NZD/USD briefly breached Monday's high before paring gains. The pair last printed at $0.6020/25.
- Elsewhere in G-10 CHF is the strongest performer in the space however liquidity is generally poor in Asia.
- The data docket is thin today, there are a number of Fed speakers including Gov Waller and Minneapolis Fed President Kashkari.
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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.