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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 US Inflation Insight, Sep'24: 25bp Cut Looks Locked In
MNI China Daily Summary: Thursday, Sept 12
A Stg0.8900 Break Still The.....>
EURO-STERLING TECHS: A Stg0.8900 Break Still The Key To Greater Corrective Hopes
*RES 4: Stg0.9026 50% Fibo of Stg0.9306-Stg0.8746
*RES 3: Stg0.8995 1.618 swing of Stg0.8900-Stg0.8746
*RES 2: Stg0.8960 38.2% Fibo of Stg0.9306-Stg0.8746
*RES 1: Stg0.8900 1% volatility band, Sep 19 high
*PRICE: Stg0.8862 @1545GMT
*SUP 1: Stg0.8835/45 Hourly support
*SUP 2: Stg0.8822 Oct 3 low
*SUP 3: Stg0.8801 Oct 2 low
*SUP 4: Stg0.8770/75 Hourly congestion Sep 27-28
*COMMENTARY* Unable to break back above the key Stg0.8900 resistance last month.
As a result, pressure returned to the downside with a low of Stg0.8746, just
above the important Stg0.8743 level. The subsequent recovery, on the back of
some near term oversold conditions, has now overcome resistance from
Stg0.8865-Stg0.8869 and can see a challenge to Stg0.8900 again. Above and not
much ahead of Stg0.8960. Support rises to Stg0.8845-Stg0.8822.
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.