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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
Bullish Signals Crushed: *RES...>
EURO-STERLING TECHS: Bullish Signals Crushed:
*RES 4: 0.9056 50% retracement of Aug 12 - Sep 20 decline
*RES 3: 0.9017 50-dma
*RES 2: 0.9015 High Sep 9
*RES 1: 0.9009 High Oct 10
*PRICE: 0.8898 @ 16:19 GMT Oct 10
*SUP 1: 0.8889 Low Oct 10
*SUP 2: 0.8852 Former channel resistance-now-support
*SUP 3: 0.8832 Low Sep 30 and 200-dma
*SUP 4: 0.8803 Low Sep 25
Despite generating strong bullish signals Wednesday, Brexit headlines superseded
the technical outlook to turn markets lower ahead of the close, snapping the
Sept-Oct uptrend in the process. The move took out support ahead of the 0.89
handle, reflecting the continued headline sensitivity of the cross. Support is
now eyed at the 0.8852 mark but is seen stronger at the 0.8831 200-dma.
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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.