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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 US MARKETS ANALYSIS - USD/JPY Erases Election Rally
MNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
10-YEAR YIELD TECHS: Downtrend Pauses, But.......>
US: 10-YEAR YIELD TECHS: Downtrend Pauses, But Intact For Now
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top from Dec 2016 high
*RES 1: 3.2594 High Oct 9
*PRICE: 3.1299 @ 16:40 GMT, Oct 25
*SUP 1: 3.0922 Low Oct 24
*SUP 2: 3.0864 38.2% retracement from Aug lows to Oct highs
*SUP 3: 3.0240 Low Sep 28
After a torrid session Wednesday, US 10-year yields managed to modestly bounce
back Thursday, but the wider technical picture remains negative for now. A close
above 3.1327 would slow the downtrend and but bulls need to close above the
21-dma at 3.1466 before looking to reclaim 3.20% to keep the Oct 9 high at
3.2594% alive. To continue the downtrend, the Wednesday low is now acting as
support at 3.0922. A move below here would open up broader moves down to the 50%
retracement of August's lows to October's highs at 3.0329%.
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.