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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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Free AccessMNI ASIA OPEN: Trump Weighs In & On Interest Rates
MNI ASIA MARKETS ANALYSIS: President Trump Addresses Davos
Bears Focused On Gbp0.8645-85...>
EURO-STERLING TECHS: Bears Focused On Gbp0.8645-85
*RES 4: Gbp0.8834 55-DMA
*RES 3: Gbp0.8807 Low Mar 16
*RES 2: Gbp0.8758 High Mar 21
*RES 1: Gbp0.8741 Low Mar 20 now resistance
*PRICE: Gbp0.8730 @ 0530GMT
*SUP 1: Gbp0.8703 Low Mar 21
*SUP 2: Gbp0.8685 2018 Low Jan 25
*SUP 3: Gbp0.8645 100-WMA
*SUP 4: Gbp0.8599 Low May 24 2017
*COMMENTARY: The sell-off from 2018 highs continues with immediate focus on 2018
lows although O/S daily studies and the Bollinger band base (Gbp0.8718) are
concerns for bears. Initial resistance is noted at Gbp0.8741 but bulls look for
a close above Gbp0.8758 to ease bearish pressure and target a correction back to
Gbp0.8807-34. Bears look for a close below the 100-WMA to target
Gbp0.8495-0.8535. A close below the 100-WMA was last seen in Jan 2016.
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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.