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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - Trump Initiates Tariff Negotiations
MNI US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
MNI China Daily Summary: Tuesday, November 26
Cable continued to pare its month-end.........>
CABLE: Cable continued to pare its month-end gains, the rate having seen an
extended high of $1.2643 at the Apr30 fix, the rate easing to $1.2484 in NY
Friday. Weekend comments from US Trump on China's failed efforts to contain the
COVID-19 outbreak has upped tensions with risk aversion seen through Asia. This
added weight has taken cable to a low of $1.2427 in early Europe with underlying
tone remaining bearish. Move has basically been in line with easing seen in
EUR/USD, though EUR/GBP was able to make a brief show above Gbp0.88, the rate
currently trading around Gbp0.8793. The move and close above its
10-dma(Gbp0.8750) seen adding to sterling's general bearish outlook, and exposes
the topside of its 1.0% 10-dma at Gbp0.8837. For cable, next support seen at
$1.2410 ahead of $1.2399/89(61.8% 1.2248-1.2643/Apr29 low). Resistance $1.2460,
$1.2484, $1.2516.
- A light calendar in the UK Monday. Focus this week on Svcs PMI Tuesday, BOE
MonPol announcement Thursday ahead of Friday's holiday.
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.