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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 AccessOvernight Volatility Within Recent Ranges Ahead Of FOMC
AUD/USD overnight implied volatility sits at 9.495% as option markets price in a $0.6415-$0.6502 range in the aftermath of today’s FOMC rate decision.
- Overnight implied volatility is slightly elevated 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 data there are several close option expiries at today's NY cut. There are $440mn of calls at $0.6450 and $508mn of calls at $0.6525.
- Technically the trend in AUD/USD remains bearish. Support comes in at $0.6357, low from Sep 6 and bear trigger. Resistance is at $0.6481, high from Sep 4.
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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.