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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/CNH's move back above CNH6.7000, after...>
AUSSIE: USD/CNH's move back above CNH6.7000, after a brief foray below, saw
AUD/USD off of highs around the release of in-line with exp. Chinese GDP data,
coupled with a softer than expected Chinese industrial production reading.
- AUD/USD last trades unchanged at ~$0.7420.
- AUD/USD bears continue to look to the YtD lows ($0.7311), with a close below
potentially opening up a move to the 2017 low ($0.7142). Daily studies are well
placed for a fresh leg lower, with layers of resistance following the pair lower
adding to bearish confidence. Bulls now need a close above Friday's high
($0.7424) to gain breathing room and above the 55-DMA ($0.7488) to hint at a
move higher.
- Looking to the week ahead, Australian risk events include Tuesday's release of
July's RBA meeting minutes & Thursday's labour market report release.
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.