Free Trial

The pair opened in Asia at $0.7820 toward....>

AUSSIE
AUSSIE: The pair opened in Asia at $0.7820 toward the upper side of the $0.7787
to $0.7836 range witnessed yesterday, where demand for the carry-trade was seen
to support the Antipodean. The highlights today will be the release of the RBA's
Financial Stability Review, in particular, any reference to household debt, one
of the Reserve Bank's main concerns. China's September trade balance as also
due, sadly, there is no set time for this release. Resistance is located at
$0.7838 (hourly high Oct5), a break to expose $0.7874 (38.2% $0.8102-$0.7733
decline), while hourly support is found at $0.7807.

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.