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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: RBA Holds, Notes Declining Inflation Risk
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
CNH: Pulls Back From One-Month High
GBP/CNH staged an impressive rally Tuesday, approaching resistance from the 76.4% recovery of the May 21 - Jul 21 sell-off/Jun 23 high at CNH9.0694/9.0724. The upswing lost steam today and the rate pulled back a tad. It last operates at CNH9.0426, 165 pips worse off on the day.
- Further losses past Jul 12 high of CNH9.0150 would turn focus to Jul 23 low of CNH8.8890. Meanwhile, bulls need to force a break above the aforementioned CNH9.0694/9.0724 area, before targeting May 21 high of CNH9.1515.
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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.