-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessStruggles To Break 0.78 Handle
Another day of gains for AUD/USD on Tuesday as the greenback underperformed against its G10 peers, the pair finished at 0.7792 after rising from lows around 0.7770 in Asia. The pair last trades up 4 pips at 0.7796.
- The UK-Australia trade deal is in focus with UK PM Johnson saying most details have been agreed. Protests from UK farmers remain that cheaper imports could marginalize many producers. Both sides have signaled a preference for an agreement by the G7 meeting in June.
- From a technical perspective AUD/USD traded higher Tuesday. A bearish theme remains in place though following last week's sell-off to a low of 0.7688 on May 13. A firm support zone however has been defined at 0.7688-75, the latter is the May 4 low. Clearance of this zone would strengthen a bearish case and signal scope for a deeper pullback towards 0.7586, the Apr 13 low. Initial firm resistance is at 0.7846, May 12 high ahead of the key resistance at 0.7891, May 10 high.
- Westpac consumer confidence is first up on the domestic economic docket tonight at 0130BST/1030AEST, while Q1 wage price index will be released at 0230BST/1130AEST. CBA says: "Australian Q1 21 wage price index could be the next AUD driver. We estimate wages expanded by 0.5%/qtr, in line with consensus. However, we do see some upside risks to today's data because businesses are unwinding wage freezes. Wage growth is central to the RBA's outlook for monetary policy. As a result, stronger than expected wage growth can underpin AUD."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.