Free Trial

The flightless bird started the new week in....>

KIWI
KIWI: The flightless bird started the new week in Asia toward the lower side of
Friday's $0.6781 to $0.6883 range, where risk-off was the main theme with
reports that Special counsel Robert Mueller had issued a subpoena to President
Trump's election campaign for documents related to Russia. Locally, Services PMI
(2130GMT) and Food prices (2145GMT) provide the modest event risks for the
session, but any reaction is normally minimal. Below Friday's low support lies
at $0.6761 (Jun1 2016 low), while resistance is found at $0.6820/32(38.2%/50 fib
retracement on Friday's decline). Kiwi was last at $0.6814.

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.