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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 OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Bear flag confirmed: *RES 4:....>
EURO-STERLING TECHS: Bear flag confirmed:
*RES 4: 0.9155 1.0% 10-dma envelope
*RES 3: 0.9149 Sep 3 High
*RES 2: 0.9099 Former trendline support-now-resistance drawn off the May 6 low
*RES 1: 0.9086 High Sep 4
*PRICE: 0.8993 @ 08:30 GMT Sep 5
*SUP 1: 0.8977 Low Jul 29
*SUP 2: 0.8946 Low Jul 26
*SUP 3: 0.8908/8892 50% retrace of May 6 - Aug 12 rally / Low Jul 25
*SUP 4: 0.8873 Low Jun 20
EURGBP selling pressure yesterday resulted in a break of support at 0.9016, the
low of Aug 27. This confirms a clear break of trendline support drawn off the
May 6 low as well as confirming a bear flag formation that marked the recent
consolidative phase. The cross now has the legs for an extension lower with
scope for a move towards 0.8908/8892. On the upside, initial resistance is at
0.9086 while the key resistance comes in at 0.9149, the Sep 3 high.
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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.