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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
20-day EMA at 0.8864 marks......>
EURO-STERLING TECHS: 20-day EMA at 0.8864 marks general area of support:
*RES 4: 0.9092 High Jan 3 and major resistance
*RES 3: 0.9061 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8974 High Jun 18
*PRICE: 0.8891 @ 04:17 GMT June 21
*SUP 1: 0.8871 Low May 12
*SUP 2: 0.8864 20-day EMA and general key support area
*SUP 3: 0.8827 Low Jun 6
*SUP 4: 0.8779 200-DMA
EURGBP pushed higher Thursday, rallying back above 0.8900 before momentum faded
and the outlook turned neutral. Bulls need a close above the 0.8900 handle to
reinvigorate the upside argument and re-target the Jun18 high of 0.8974. The 50D
EMA intersects at 0.8864. This area represents a support where bullish interest
should develop. A failure to rebound off 0.8860 would instead reinforce the
bearish case. For now, pullbacks are seen to be corrective.
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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.