MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1918 Mon; -1.35% Y/Y

CHINA PRESS: Yuan To Reach 17% Of Global Payments By 2035

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

MNI: GERMANY NOV IFO BUSINESS CLIMATE INDEX 85.7

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Bears Remain In the Driver’s Seat

GBPUSD TECHS
  • RES 4: 1.2819 High Aug 10 and a reversal trigger
  • RES 3: 1.2746 High Aug 30 and key resistance
  • RES 2: 1.2591/2657 20- and 50-day EMA values
  • RES 1: 1.2548 High Sep 11 and Low Aug 25
  • PRICE: 1.2504 @ 06:13 BST Sep 14
  • SUP 1: 1.2436 Low Sep 11
  • SUP 2: 1.2433 Low Jun 8
  • SUP 3: 1.2369 Low Jun 5
  • SUP 4: 1.2308 1.764projection of the Jul 14 - 24 - 27 price swing

The trend needle in GBPUSD continues to point south and the pair remains closer to its recent lows. Last week’s breach of 1.2548, the Aug 25 low, confirmed a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. Moving average studies are in a bear mode position too, highlighting a downtrend. The focus is on 1.2433, Jun 8 low. Initial firm resistance is at 1.2591 the 20-day EMA.

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.