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Why MNI
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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 OPEN - PBOC Makes First Major Policy Tweak Since 2011
MNI BRIEF: China Passenger Car Sales Up In November Y/Y
Bear Threat Remains Present
- RES 4: 0.8725 High Nov 22
- RES 3: 0.8690 High Nov 27
- RES 2: 0.8627 20-day EMA
- RES 1: 0.8616 Low Oct 11
- PRICE: 0.8592 @ 06:13 GMT Dec 13
- SUP 1: 0.8549 Low Dec 11
- SUP 2: 0.8524 Low Sep 5
- SUP 3: 0.8493 Low Aug 23 and a key support
- SUP 4: 0.8421 2.0% 10-dma envelope
The EURGBP trend needle continues to point south and the recent sideways move appears to be a bear flag formation - a bearish continuation signal. Moving average studies are in a bear-mode position too, highlighting a downtrend. The focus is on 0.8558, 76.4% of the Aug 23 - Nov 20 bull leg. It has been pierced, a clear break would open 0.8524, Sep 5 low. Initial resistance to watch is at 0.8616, Oct 11 low.
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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.