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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: PBOC Net Injects CNY28.8 Bln via OMO Thursday
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MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%
Bears Look To Close Below 124........>
EURO-YEN TECHS: Bears Look To Close Below 124
EURJPY hit as low as 123.36 in early Asian trading as trade tensions pressured
the pair. While off its lows the bearish picture remains intact and a close
below 124 would cement the downside break. Below here would open a return the
focus to the 50% retracement of the 2016 lows to the 2018 highs & March lows at
123.72/66. On the topside bulls look to close above 124 to bring the focus back
to the 125.30-60 zone which holds the 100-dma, 50% retracement of the Apr fall &
previous series of 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.