Free Trial

Pound and AUD edge higher

FOREX
  • The Pound is finding another bid, but mostly against the USD and the JPY, and similar gains for the Aussie versus the Dollar and the JPY, the former helped by the earlier UK inflation and the latter following the Risk tilted to the upside.
  • Immediate resistance in GBPJPY is at 192.98, the April high.
  • There isn't much in terms of Technical at current level for the AUD, with resistance in AUDUSD seen at 0.6481 Low Apr 1 and a recent breakout level.
  • For AUDJPY, some market participants will likely look at 100.00 initially.

To read the full story

Close

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.