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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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Free AccessNZD/USD is little changed, last trades at......>
KIWI: NZD/USD is little changed, last trades at $0.6464. New Zealand's Tsy will
release its monthly update on local economic indicators shortly. Statistics NZ
published monthly employment indicators for Dec; filled jobs rose for the fifth
straight month. Elsewhere, all eyes are on China, which returns from its
elongated LNY holidays.
- The rate slid alongside riskier assets on Friday, showing at levels not seen
in some two months. Prolonged worry re: China's coronavirus continued to weigh
on high-beta FX.
- Should the rate sink below Friday's trough located at $0.6454, bears would be
encouraged to take aim at the 61.8% retracement of the Oct 1 - Dec 31 rally at
$0.6415. Bulls look for a bounce off the $0.6468 100-DMA towards the 200-DMA,
which intersects at $0.6508.
- Looking into the local docket for this week, we have building permits & a GDT
auction coming up on Tuesday (the latter in the London afternoon), as well as
labour mkt report due Wednesday. China's Caixin M'fing (today) & Services
(Wednesday) PMIs will also provide interest.
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.