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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 UK Labour Market Insight - November 2024 Release
MNI: EU Paper Flags Savings From Rolling Over NGEU Debt
$1.3004 Support Now Key *RES 4:.........>
CABLE TECHS: $1.3004 Support Now Key
*RES 4: $1.3165 High Aug 4
*RES 3: $1.3113 Low Aug 3 now resistance
*RES 2: $1.3094 Low July 31 now resistance
*RES 1: $1.3079 Hourly support Aug 4
*PRICE: $1.3058 @ 0430GMT
*SUP 1: $1.3041 Hourly support Aug 7
*SUP 2: $1.3025 Low Aug 4
*SUP 3: $1.3004 Low July 25
*SUP 4: $1.2919 55-DMA
*COMMENTARY: The bearish key day reversal Thursday was followed up with further
losses to end the week that leave the pair looking heavy and bears focused on
the 55-DMA. Daily studies correcting from O/B add weight to the bearish case
with bears now looking for a close below $1.3004. Layers of resistance have
accumulated with bulls now needing a close above $1.3113 to ease bearish
pressure and above $1.3191 to shift focus back to $1.3259-78.
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.