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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 US MARKETS ANALYSIS - Curve Steeper Ahead of JOLTS
MNI US OPEN - Censure Motion Against France Gov't Due Today
Bears on the back foot (for now):....>
EURO-YEN TECHS: Bears on the back foot (for now):
*RES 4: 118.48 High Aug 19
*RES 3: 118.20 High Aug 26
*RES 2: 117.94 High Aug 29 and key near-term resistance
*RES 1: 117.07 Intraday High
*PRICE: 117.00 @ 09:15 GMT Sep 4
*SUP 1: 115.87 Low Sep 3
*SUP 2: 115.02 1.382 projection of Apr 17 - Jun 3 decline from Jul 1 high
*SUP 3: 115.00 Psychological support & 2.0% 10-dma envelope
*SUP 4: 114.85 Low Apr 2017
The cross is staging a decent intraday reversal in European hours, but has some
work to do to break the clear longer-term downtrend. Directional technical
indicators still point south, suggesting a strong likelihood bearish activity
will extend below 116.00. The focus is on the 115.02 Fibonacci projection and
the the Apr 2017 low 114.85. Resistance is at 117.94.
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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.