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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: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Correction likely to extend:....>
EURO-STERLING TECHS: Correction likely to extend:
*RES 4: 0.9400 Psychological level
*RES 3: 0.9276 High Aug 14
*RES 2: 0.9325 High Aug 12 and bull trigger
*RES 1: 0.9207 Low Aug 8
*PRICE: 0.9139 @ 04:02 GMT Aug 20
*SUP 1: 0.9090/89 Low Aug16 / Low Jul 31
*SUP 2: 0.9051 High Jul 17 and former bull trigger
*SUP 3: 0.9035 Lower 2.0% 10-dma envelope
*SUP 4: 0.9016 Trendline support drawn off the May 6 low
EURGBP remains in a corrective mode following last weeks sharp sell-off. The
cross has managed to find some support at 0.9089, last Friday's low. However the
risk remains for a deeper pullback, that could see prices trade down to the July
17 high and former bull trigger at 0.9051. Note, trendline support drawn off the
May 6 low intersects at 0.9016. To regain upside momentum, bulls need to reclaim
0.9207. The trigger for a resumption of the trend is 0.9325.
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.