Free Trial
AUSSIE BONDS

Back From Best Levels On RBNZ Spill Over

RBNZ

Higher Peak For OCR Track

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
RUSSIA
  • USD/RUB opens flat to marginally higher, somewhat against the grain given early selling pressure on the USD.
  • Comments from the Kremlin downplaying the possibility of a reset in relations spooked RUB bulls somewhat in yesterday's session, seeing spot rise to 73.71 before retracing back to 73.50.
  • Oil trading slightly softer this morning as Iran negotiations develop,
  • two consecutive spinning top candles forming in brent signalling slight indecision below $70/bbl.
  • Yesterday's approval of the extremist organization election ban in the state Duma takes Navalny's organization further out of contention ahead of September elections- reinforcing United Russia's grip on power.
  • The 73.20-73.60 lateral range appears to be fairly sticky at the moment, awaiting fresh catalysts to initiate the next leg lower.
  • US data in focus today. Intraday Sup1: 73.4212, Sup2: 73.1718, Res1: 73.7436, Res2: 73.9706
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.