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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###POV. Aussie has remained heavy since......>
AUSSIE: ###POV. Aussie has remained heavy since the release of yesterday's
woeful local retail sales data and this morning has dipped below the 100-dma
($0.7784) to make a fresh low of $0.7773. Domestic corporate demand has since
lifted the Aussie back to $0.7796. It is worth noting, the last close below
100-dma was seen Jun22, should we end today below that moving average, bears
will be looking for an extension to $0.7666 (200-dma). The catalyst for that to
eventuate is NFP's, MNI's median is for a number of 70k, but given the wide
range from -45k to +125k with Hurricanes Harvey and Irma expected to be weigh on
the headline number, today's release will be sure to see heightened volatility
come the 'witching hour'. Bulls we be looking for weak data and a move back
above hourly resistance at $0.7840 to keep bullish hopes alive.
To read the full story
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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.