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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 ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
MNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Closed Above 100-dma: *RES 4:...>
EURO-STERLING TECHS: Closed Above 100-dma:
*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: 0.8999 @ 08:34 GMT Oct 10
*SUP 1: 0.8902 Low Oct 7
*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
EURGBP maintains a near-term bullish tone with the focus on the 0.9000 level and
the 50-dma resistance at 0.9017. This follows the recent bear channel breakout
that confirmed a trend reversal. Furthermore, momentum studies are pointing
higher and yesterday the cross closed above the 100-dma at 0.8979, further
reinforcing the bullish structure. Stronger gains are likely, with scope for
0.9147, Sep 3 high and the 0.9056 retracement. 0.8902 marks initial support.
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.