Free Trial
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.
IDR
Spot USD/IDR tested the upper bound of its weekly range, with the RSI moving above the 30 level, sending a bullish signal. The rate last sits +25 pips at IDR13,920.
- USD/IDR peeked below key support Jun 8, 2020 low of IDR13,873 at the start to the week, but failed to extend losses/consolidate below that level and has established itself just above there.
- Should bulls manage to force a break above IDR13,925, the best level of this week/year, their focus would move to Dec 30, 2020 low of IDR14,050. On the flip side, losses past Jun 8, 2020/Jan 4 lows of IDR13,873/13,865 would clear the way to the lower 3.0% Bollinger band at IDR13,800.
- Indonesian FinMin Indrawati said Wednesday that budget deficit was at IDR956.3tn or 6.09% of GDP in 2020. This was less than the gov't's estimate of 6.34% of GDP, but also the highest debt/GPD ratio since 2004.
- Danareksa Consumer Confidence is due for release at some point this week.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok