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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.
FOREX
- Overriding risk-off sentiment across markets with major equity indices extending to intra-day lows.
- Currency markets moving in sympathy, with EUR/USD edging to within close proximity of the 1.0642 low as well as looking susceptible to key support at the 2020 low of 1.0636.
- A break below there would mark a five year low for the pair with support moving down to 1.0496, the 0.764 projection of the Feb 10 - Mar 7 - 31 price swing.
- GBPUSD also continues its downward slide, exacerbated by the breach of the September 2020 lows at 1.2676 and most recently breaching the 1.26 mark, down 1.1% on Tuesday.
- Support for cable moves down to 1.2495, the 61.8% retracement of the Mar 2020 - Jan 21 bull leg.
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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