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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/USD added 34 pips overnight and last.......>
KIWI: NZD/USD added 34 pips overnight and last deals at $0.6831, with kiwi
sitting atop the G10 pile. NZD was already drawing support from optimism re:
Sino-U.S. trade talks, before BBG released a headline suggesting that the U.S.
is weighing a 60-day extension to the Chinese tariff deadline, which sent
NZD/USD to a session peak at $0.6834.
- Initial resistance noted at $0.6852, which capped gains yesterday, ahead of
the upper 1.0% 10-DMA envelope at $0.6874. Conversely, the initial layer of
support is located at $0.6805, which represents the 21-DMA (breached in early
Asia-Pac trade today), followed by the 50-DMA at $0.6787.
- The NZ econ calendar towards the end of this week is rather light, but focus
will fall on the aforementioned Sino-U.S. talks. As a reminder, U.S. Sec Tsy
Mnuchin & USTR Lighthizer are reportedly set to meet with Chinese President Xi
on Friday.
To read the full story
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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.