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MNI BRIEF: Core Drives Household Inflation Belief - Buba Study

MNI China Daily Summary: Friday, December 1

(RPT)MNI INTERVIEW: Fed Could Cut By Spring As Real Rates Rise

Manufacturing PMI Climbs, But Inflation Outlook Unclear

Final PMIs Confirm Slight Easing In Manufacturing Downturn

MNI: UK NOV FINAL MANUFACTURING PMI 47.2 (FLASH: 46.7)  ; OCT 44.8

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Bulls Remain In The Driver’s Seat

EURUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.0960 61.8% retracement of the Jul 18 - Oct 3 downtrend
  • RES 3: 1.0945 High Aug 30 and a key resistance
  • RES 2: 1.0912 2.0% 10-dma envelope
  • RES 1: 1.0887 5High Nov 14
  • PRICE: 1.0878 @ 05:47 GMT Nov 15
  • SUP 1: 1.0756 High Nov 5 and recent breakout level
  • SUP 2: 1.0656 Low Nov 10 and key short-term support
  • SUP 3: 1.0568 Low Nov 2
  • SUP 4: 1.0517/0496 Low Nov 1/ 13

EURUSD traded sharply higher Tuesday and the pair is trading at this week’s highs. The break reinforces the current bullish technical picture and price has breached resistance at 1.0756, the Nov 6 high, to confirm a resumption of the short-term uptrend. This opens 1.0945 next, the Aug 30 high and a key resistance. Initial firm support lies at 1.0656, the Nov 10 low. A break of this level is required to signal a reversal.

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  • RES 4: 1.0960 61.8% retracement of the Jul 18 - Oct 3 downtrend
  • RES 3: 1.0945 High Aug 30 and a key resistance
  • RES 2: 1.0912 2.0% 10-dma envelope
  • RES 1: 1.0887 5High Nov 14
  • PRICE: 1.0878 @ 05:47 GMT Nov 15
  • SUP 1: 1.0756 High Nov 5 and recent breakout level
  • SUP 2: 1.0656 Low Nov 10 and key short-term support
  • SUP 3: 1.0568 Low Nov 2
  • SUP 4: 1.0517/0496 Low Nov 1/ 13

EURUSD traded sharply higher Tuesday and the pair is trading at this week’s highs. The break reinforces the current bullish technical picture and price has breached resistance at 1.0756, the Nov 6 high, to confirm a resumption of the short-term uptrend. This opens 1.0945 next, the Aug 30 high and a key resistance. Initial firm support lies at 1.0656, the Nov 10 low. A break of this level is required to signal a reversal.