© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

MNI: BAKER HUGHES US RIG COUNT 625; OIL RIGS 505; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: BOE Long APF Operation on Monday

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

Post-FOMC Pressure On USD Extends

FOREX
BulletMarketsForeign Exchange NewsHomepage

The pressure seen on the USD on Wednesday has extended in early dealing on Thursday. The Antipodeans are leading the bid in the G-10 space. US Equity futures are firmer and Tsy Yields have ticked lower.

  • Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD is up ~0.6% last printing at $0.5875/80. Bull's immediate focus is on holding above the 20-Day EMA ($0.5870) to target the high from 10 Oct ($0.6049).
  • AUD/USD is up ~0.5%, firming above the $0.64 handle this morning. The pair sits on the 50-Day EMA ($0.6404), the next target for bulls is $0.6445 high from Oct 11.
  • Yen is ~0.3% firmer, however USD/JPY remains well above the ¥150 handle. Support comes in at the 20-Day EMA ¥149.66.
  • Elsewhere GBP and EUR are reflecting the broader USD move, both are up ~0.2%.
  • The docket is light for the remainder of the Asian session, Australia's Trade Balance crosses shortly. Further out we have the latest monetary policy decision from the BoE.
163 words

To read the full story

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.

The pressure seen on the USD on Wednesday has extended in early dealing on Thursday. The Antipodeans are leading the bid in the G-10 space. US Equity futures are firmer and Tsy Yields have ticked lower.

  • Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD is up ~0.6% last printing at $0.5875/80. Bull's immediate focus is on holding above the 20-Day EMA ($0.5870) to target the high from 10 Oct ($0.6049).
  • AUD/USD is up ~0.5%, firming above the $0.64 handle this morning. The pair sits on the 50-Day EMA ($0.6404), the next target for bulls is $0.6445 high from Oct 11.
  • Yen is ~0.3% firmer, however USD/JPY remains well above the ¥150 handle. Support comes in at the 20-Day EMA ¥149.66.
  • Elsewhere GBP and EUR are reflecting the broader USD move, both are up ~0.2%.
  • The docket is light for the remainder of the Asian session, Australia's Trade Balance crosses shortly. Further out we have the latest monetary policy decision from the BoE.