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Why MNI
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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 AccessBest One-Day Rally for Eminis Since January 6
The best one day rally for the index since January 6 (+77.75 vs. +86.75), stocks continue to extend session highs in late trade, SPX Eminis bounced off Wednesday's April lows (4074.25) to 4157.5 high late Thursday,
- Well through 20-day EMA resistance of 4120.83, puts focus on next resistance of 4164.25, the April 24 high, a clear break above this EMA would ease bearish pressure.
- Surprising given this this morning's increased inflation metrics that underscored likely 25bp hike from the Fed next week (and tempering year-end implied rate cuts), trading desks citing better than expected quarterly earnings announcements and unconfirmed asset allocation out of Treasuries into stocks.
- Re: earnings, the following is a list of larger stocks expected after the close: T-Mobile US Inc; Capital One Financial Corp; Hartford Financial Services; L3Harris Technologies Inc; Amazon.com Inc; Olin Corp; United States Steel Corp; Intel Corp; Weyerhaeuser Co; Pinterest Inc; Gilead Sciences Inc; Snap Inc; Amgen Inc.
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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.