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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 Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
Bull Cycle Extends
- RES 4: 1.3745 2.0% 10-dma envelope
- RES 3: 1.3676 61.8% retracement of the Oct - Dec sell-off
- RES 2: 1.3607 High Nov 9
- RES 1: 1.3599 High Jan 6
- PRICE: 1.3536 @ 16:46 GMT Jan 6
- SUP 1: 1.3431 Low Jan 3
- SUP 2: 1.3419 20-day EMA
- SUP 3: 1.3343 Low Dec 23
- SUP 4: 1.3240 Low Dec 22
GBPUSD traded higher again Wednesday, confirming a resumption of the current uptrend. The 100-dma at 1.3558 has been probed. A clear break would firm the bullish outlook and maintain the current positive momentum structure with the trajectory of the 50-dma beginning to level out. Scope is seen for a climb to 1.3676 next, a Fibonacci retracement. Support to watch is 1.3419, the 20-day EMA. A move below this average would signal a top.
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.