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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
MNI ASIA OPEN: Israel-Hezbollah Ceasefire Cautiously Reached
Above 55-WMA To End Bearish.....>
EURO-STERLING TECHS: Above 55-WMA To End Bearish Hopes
*RES 4: Gbp0.8904 Low Mar 8 now resistance
*RES 3: Gbp0.8859 55-WMA
*RES 2: Gbp0.8830 200-DMA
*RES 1: Gbp0.8815 Bollinger band top
*PRICE: Gbp0.8804 @ 0430GMT
*SUP 1: Gbp0.8786 Hourly support June 12
*SUP 2: Gbp0.8754 55-DMA
*SUP 3: Gbp0.8720 Low June 5
*SUP 4: Gbp0.8694 Hourly support May 30
*COMMENTARY: Pops above the weekly bear channel top (Gbp0.8799) remain capped by
the 200-DMA and ahead of the 55-WMA. Bears now need a close below the 55-DMA to
confirm an easing of bullish pressure and below Gbp0.8694 to confirm a return in
focus to tests of 2018 lows and then Gbp0.8531 below. Bulls still need a close
above the 55-WMA to confirm traction above the channel top, ending bearish hopes
and and targeting 2018 highs.
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.