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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
10Y YIELD TECHS: Inside........>
US 10YR FUTURE TECHS: 10Y YIELD TECHS: Inside Session
*RES 3: 3.3956 Apr 5 2011 low, now resistance
*RES 2: 3.3000 Channel top
*RES 1: 3.2594 High Oct 9
*PRICE: 3.1556 @ 15:18 GMT, Oct 12
*SUP 1: 3.1261 May 18 high, now support
*SUP 2: 3.0844 21-dma
*SUP 3: 3.0139 Aug 1 high, now support
US 10-year yields pulled back further Thursday, but Friday price action never
saw the Thursday low (or high) challenged. This keeps the short-term balance
tilted in favour of the bears for now. Thursday trade found some modest support
at the May 18 highs, which keeps the broader bullish trend intact and returns
the focus to the Oct 9 high at 3.2598. Above here would extend the uptrend
towards the channel top at 3.30. Bears need to take out the May 18 high at
3.1261 to open the Aug 1 high at 3.0139.
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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.