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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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Free AccessMNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
(M2) Breaches Support
- RES 4: 4132.00 High Feb 10
- RES 3: 4072.00 High Feb 16
- RES 2: 3944.00 High Mar 29 and a key resistance
- RES 1: 3883.00 High Apr 21
- PRICE: 3745.00 @ 05:53 BST Apr 26
- SUP 1: 3665.00 Low Apr 25
- SUP 2: 3626.50 50.0% retracement of the Mar 7 - 29 rally
- SUP 3: 3551.60 61.8% retracement of the Mar 7 - 29 rally
- SUP 4: 3523.00 Low Mar 11
EUROSTOXX 50 futures failed to hold onto last week’s highs and are again trading below both the 20- and 50-day EMAs. Yesterday’s move lower resulted in a break of support at 3684.00, the Apr 12 low and a bear trigger. Clearance of this support highlights a resumption of bearish activity and opens 3626.50, a Fibonacci retracement. For bulls, a break above 3883.00, Apr 21 high, would open the 3944.00 key resistance point.
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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.