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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 Access*Oct 13 Aussie dollar open...........>
AUSSIE SUMMARY: *Oct 13 Aussie dollar open $0.7820, range $0.7818 to $0.7842
*Aussie opened in Asia toward the upper side of the $0.7787 to $0.7836 range
witnessed yesterday, where demand for the carry-trade was seen to support the
Antipodean
*Modest US dollar weakness was the theme across the board in Asia, Aussie rose
from $0.7818 to $0.7842 before stalling
*RBA's Financial Stability Review passed without too much fanfare, where they
noted that household debt relative to income continues to edge higher.
*For the balance of the session the pair consolidated between $0.7833-0.7839
*Above $0.7842, key-resistance is seen at $0.7874 (38.2% fib $0.8102-$0.7733
decline), while Asia's low of $0.7818 provides initial support, a break to
expose hourly support at $0.7807.
*US CPI and Retail Sales for September provides the event risk for the session
ahead.
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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.