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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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Pressured, AUD/NZD Testing 200-day EMA
NZD/USD prints at $0.6380/85, ~0.2% softer in today's trading, NZD is the weakest performer in G10 space at the margins.
- The pair again failed to break the $0.64 level this morning before pressure came onto NZD/USD. Support came in at $0.6370.
- Trans-Tasman flows may be weighing on the NZD as AUD/NZD continues to firm, having broken above $1.09 handle and is testing its 200-day EMA today.
- Cross asset flows remain muted, BBDXY is little changed as are e-minis. US Treasury Yields are marginally firmer, 10YY is up 3bps.
- China trade data, on the wires today, provides the next risk event.
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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.