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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: EU Wields Anti-Coercion Tool, Aims At Trump Deal-Sources
MNI China Daily Summary: Thursday, November 21
Touches new cycle low The rate.........>
AUSSIE TECHS: Touches new cycle low
The rate appeared to trip stops on the way through the May lows, hitting fresh
cycle lows at 0.6850 - levels not seen since the early January flash crash. A
close at current levels would be the first since 2009, leaving little fuel for
bulls to lift the rate higher. AUD/USD continues to generate a clean sweep of
bearish sentiment, according to the MNI FX Technical Signal Monitor. Monday's
moves open a decline to the 0.6825/40 area, which registered a series of
previous lows through Jan 2016. The 1.618% swing target of the recent recovery
off 2019 lows of 0.6865 to 0.7023 is placed behind at 0.6767. Bulls need to
recover the 0.6931 21-dma & 0.6937 Jun 13 high, before returning the focus
towards the 0.70 level.
To read the full story
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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.