CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bearish Pressure Still Dominates Despite Bounce

EURO-STERLING TECHS
  • RES 4: 0.9044 High Aug 24 and a key resistance
  • RES 3: 0.8990 50-day EMA
  • RES 2: 0.8975 High Aug 28
  • RES 1: 0.8938 Low Jul 10 and a recent breakout level
  • PRICE: 0.8913 @ 10:41 BST Sep 4
  • SUP 1: 0.8864 Low Jun 9 and 61.8% of the Apr 30 - Jun 29 rally
  • SUP 2: 0.8830 Low Jun 15
  • SUP 3: 0.8790 76.4% retracement of the Apr 30 - Jun 29 rally
  • SUP 4: 0.8759 Low May 12

EURGBP maintains a bearish theme despite yesterday's recovery. This week, the cross traded to a low just ahead of 0.8864, Jun 9 low and the 61.8% Fibonacci retracement of the Apr 30 - Jun 29 rally. A breach of this level would reinforce the current bearish theme and open 0.8830, May 15 low. On the upside, initial resistance is seen at 0.8938, Jul 10 low and a recent breakout level. Firmer resistance resides at 0.8

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

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.