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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***Opened in Asia at N$1.1098 toward....>
AUSSIE-KIWI: ***Opened in Asia at N$1.1098 toward the upper side of yesterday's
N$1.1036 to N$1.1141 range, where an upbeat NAB Business survey providing a
lift, business conditions were at an all-time high of 21 from 14, while business
confidence was unchanged at 8. Ahead, Westpac's consumer sentiment data
(2330GMT) and Australian Q3 wage price index (0030GMT) provide the main event
risks, Westpac's consumer sentiment came in at 101.4 last month or +3.6%, while
markets will be checking to see if subdued wages growth has based in Q3.
Resistance is noted at N$1.1151, which marks the 50% fib retracement on the
N$1.1291 to N$1.1012 decline, while hourly support is found at N$1.1075. It is
also worth mentioning a sizeable option expiry for tomorrow at N$1.1100
(A$2.34bn) that may act to contain the near term range. Aussie-kiwi is currently
changing hands at N$1.1100.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.