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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI 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
Corrective Bounce
- RES 4: 0.9044 High Aug 24 and a key resistance
- RES 3: 0.8987 50-day EMA
- RES 2: 0.8966/75 20-day EMA / High Aug 28
- RES 1: 0.8952 High Sep 4
- PRICE: 0.8944 @ 06:03 BST Sep 7
- SUP 1: 0.8864 Low Jun 9 and 61.8% of the Apr 30 - Jun 29 rally
- SUP 2: 0.8830 Low Jun 15
- SUP 3: 0.8790 76.4% retracement of the Apr 30 - Jun 29 rally
- SUP 4: 0.8759 Low May 12
EURGBP maintains a bearish theme despite the recovery late last week. Recent bearish pressure resulted in the cross trading to a low just ahead of 0.8864, Jun 9 low and the 61.8% retracement of the Apr 30 - Jun 29 rally. A breach of this level would further reinforce a bearish theme and open 0.8830, May 15 low. On the upside, initial firm resistance is seen at the 0.8966 area, the 20-day EMA.
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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.