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Why MNI
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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 AccessKey Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Overnight Volatility Slightly Elevated, Within Recent Ranges Ahead of Jobs Data
AUD/USD overnight implied volatility sits at 14.30% as option markets price in a $0.6366-$0.6479 range in the aftermath of today’s July Labor Market Report.
- Overnight implied volatility is slightly elevated ahead of this morning's jobs data but remains well within recent ranges.
- Overnight risk reversals are skewed to the downside, however we sit well above levels seen pre-SVB crisis and within the yearly range.
- Based on the latest DTCC there is a $1.46bn expiry at $0.6550 at today's NY cut.
- Short term trend conditions remain bearish, the pair breached the bear trigger yesterday. Support comes in at $0.6403, 76.4% retracement of the Oct 22-Feb 23 bull leg, $0.6387, low from 10 Nov 22, and $0.6285, low from 4 Nov 2022. Resistance is at $0.6522, high from Aug 15, and $0.6593, 20-Day EMA.
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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.