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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Bull Trigger Shoots Blank:......>
EURO-STERLING TECHS: Bull Trigger Shoots Blank:
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8975 100-dma
*RES 1: 0.8937 High Oct 1 / Oct 4 and the reversal trigger
*PRICE: 0.8919 @ 15:37 GMT Oct 7
*SUP 1: 0.8832 Low Sep 30 and 200-dma
*SUP 2: 0.8803 Low Sep 25
*SUP 3: 0.8787 Low Sep 19 and bear trigger
After a decent session Friday, the cross rose to challenge 0.8937, the near-term
bull trigger, but the level failed to ignite any material move higher. Prices
swiftly reversed, turning attention back to congestion support alongside last
Friday's lows. Bulls still look to secure a clear breach of the bull trigger
(close above) which would confirm a breakout of the channel and importantly also
a trend reversal. Support for now remains 0.8832, a move back below this level
would instead highlight a resumption of the downtrend.
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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.