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Policy
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Real-time insight on key fixed income and fx markets.
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
NZD/USD Tests 50-day EMA Ahead Of RBNZ & US CPI Data
The Kiwi was higher on Tuesday, as we head into the RBNZ decision and US CPI later today. It is expected the RBNZ will leave rates on hold at 5.50%, as inflations remains above the banks target rate.
- The NZD/USD broke initial resistance (20-day EMA) at 0.6038, surging higher and testing the 50-day EMA at 0.6077 before paring gains to finish up 0.43% at 0.6058, while the BBDXY finished the session down 0.02% at 1,240.78.
- Key levels to watch: Initial resistant holds at 0.6076/77 (50-day EMA/Apr 9 high) a break above which 0.6100 (round number resistance). Initial support is at 0.6038 (20-day EMA), then 0.6000 (round number support), with a break here opening the doors to tests 0.5985 (Apr 5 low)
- The US-NZ 2y is 3.5bps lower at -21.5bps
- (MNI) MNI RBNZ Preview – April 2024 (See link)
- Option expiries: there are no large strikes today, with upcoming notable strikes being: 0.5955 (NZD1.22b April 11), 0.5750 (NZD610m April 12), 0.6050 (NZD550.4m April 12)
- Looking ahead, focus will be on RBNZ rate decision at 12.00 AEST
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.