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Why MNI
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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: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Corrective bounce fades: *RES...>
EURO-STERLING TECHS: Corrective bounce fades:
*RES 3: 0.9061/84 Trendline resistance drawn off Aug 12 high/1.0% 10-dma
envelope
*RES 2: 0.9031 High Sep 5
*RES 1: 0.9015 High Sep 9
*PRICE: 0.8925 @ 08:46 GMT Sep 13
*SUP 1: 0.8886 Low Sep 12
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8853 Bear channel base drawn off the Aug 12 high
The ECB decision delivered volatility in spades, sending EURGBP to print a new
trend low at 0.8886. The cross bounced well from there, however, prompting bulls
to re-target the 0.90 level and the week's highs at 0.9015. Despite yesterday's
moves, momentum and moving average studies continue to point south maintaining
the bearish theme. A move through 0.8886 would open the 0.8853 bear channel base
drawn off the Aug 12 high, and early June lows at 0.8830.
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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.