MNI BRIEF: Yellen Gathers Regulators On SVB; Banks 'Resilient'

MNI BRIEF: US Notched $262B Feb Budget Deficit, $723B YTD

CANADIAN FEB JOBS +21.8K VS +2.5K FORECAST, PRIOR +150K

MNI: US FEB TREASURY BUDGET -262.4B

MNI: US NET PAYROLLS REVISIONS FOR JAN, DEC -34K

US FEB UNEMPLOYMENT RATE 3.6%

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Rally Fades, But Strong Weekly Gains

AUDUSD TECHS

Bears Threat Remains Present

US TSY OPTIONS

Late SOFR/Treasury Option Roundup

COMMODITIES

Weaker Dollar Lifts Major Prices With Gold Through Key Resistance

MNI EXCLUSIVE

St Louis Fed Director On Inflation, Growth

EURJPY TECHS

Needle Points North, Despite Friday Pullback

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Broader Trend Direction Remains Up

EURGBP TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8907 50.0% retracement of the Sep 26 - Dec 1 bear leg
  • RES 1: 0.8877 High Dec 30
  • PRICE: 0.8811 @ 15:57 GMT Jan 9
  • SUP 1: 0.8769 Low Jan 9
  • SUP 2: 0.8727 50-day EMA
  • SUP 3: 0.8646 High Dec 8
  • SUP 4: 0.8593 Low Dec 15

EURGBP remains below the Dec 30 high of 0.8877 but is holding on to the bulk of its gains since early December. The outlook is bullish and last month's break of 0.8829, Nov 9 high, reinforced this theme. This opens 0.8907, a Fibonacci retracement point. Moving average studies highlight a bullish backdrop, reinforcing the current trend direction. Initial firm support is seen at 0.8727, the 50-day EMA. A clear break would be bearish.

138 words

To read the full story

Why Subscribe to

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.
  • RES 4: 0.8992 61.8% Retracement of the Sep 26 - Dec 1 bear leg
  • RES 3: 0.8980 High Sep 29
  • RES 2: 0.8907 50.0% retracement of the Sep 26 - Dec 1 bear leg
  • RES 1: 0.8877 High Dec 30
  • PRICE: 0.8811 @ 15:57 GMT Jan 9
  • SUP 1: 0.8769 Low Jan 9
  • SUP 2: 0.8727 50-day EMA
  • SUP 3: 0.8646 High Dec 8
  • SUP 4: 0.8593 Low Dec 15

EURGBP remains below the Dec 30 high of 0.8877 but is holding on to the bulk of its gains since early December. The outlook is bullish and last month's break of 0.8829, Nov 9 high, reinforced this theme. This opens 0.8907, a Fibonacci retracement point. Moving average studies highlight a bullish backdrop, reinforcing the current trend direction. Initial firm support is seen at 0.8727, the 50-day EMA. A clear break would be bearish.