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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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A broadly firmer dollar overnight............>
DOLLAR: A broadly firmer dollar overnight underpinned by positive US-China trade
rhetoric and firmer US equity futures saw the DXY comfortably hold above 97,
albeit held to a narrow 20 pip range. Bulls target a break of the 97.65/70
double top resistance area for the next leg higher. Up trendline support comes
in at 96.64 today, below here opens the 50-dma at 96.29. Gold slipped $5 on the
session, briefly made a show under $1235 before basing. Support is seen at
$1230.25/1226.62 which represents the 38.2%/50% retracement of $1211.27-1241.97.
Last $1235.41. Worth reminding that most of the US calendar has been postponed
today as the country observes a national day of mourning for former President
George HW Bush.
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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.