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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 AccessNZD remains top of G10 benefitting from the....>
KIWI: NZD remains top of G10 benefitting from the overnight release of strong
trade data which saw the headline number beat expectations and solid growth for
both imports/exports. NZDUSD registering gains for a 7th consecutive session,
rallied to $0.6653 before fading. Near-term resistance is seen at $0.6680/85
which has produced a series of previous highs, above here opens a run at the 100
& 200-dma's at $0.6700/11.
- AUDNZD touched multi-month lows of NZ$1.0462, near-term support at
NZ$1.0452-54 from a series of previous highs.
- NZDCAD rallied to C$0.8770 before stalling ahead of the 21-dma (C$0.8776).
Bulls target a break above C$0.88, before challenging down trendline resistance
off the Mar 25 high & 50-dma at C$0.8822/30.
- Focus turns to the RBNZ tomorrow morning (0200GMT), no changes are expected to
the cash rate with most analysts calling for an easing bias and 25 bps cut to
the OCR in August.
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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.