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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 AccessRisk currencies continue on the defensive....>
AUSSIE: Risk currencies continue on the defensive following the Huawei story
overnight. AUD sits bottom of the G10 pile and looks set to register its fourth
consecutive session of losses. Rate touched extended pullback lows of $0.7123
and seen approaching support at $0.7118/17 which represents the 23.6%
retracement of $0.6741-0.7235 & Jan8 low. A break of $0.71 could accelerate the
move toward the Dec 27 high, now support at $0.7078. EURAUD closed above the
200-dma yesterday and extended the move through A$1.59, bulls target the 100-dma
at A$1.5979 for the next leg higher.
To read the full story
Sign up now for free trial access to this content.
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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.