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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 MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Defies Bear Threat Backdrop
- RES 4: 0.8925 High Mar 7 and a key resistance
- RES 3: 0.8900 Trendline drawn from the Feb 3 high
- RES 2: 0.8890 High Mar 10
- RES 1: 0.8840/0.8844 High Mar 21 / 15
- PRICE: 0.8832 @ 16:19 GMT Mar 21
- SUP 1: 0.8719 Low Mar 15 and key support
- SUP 2: 0.8712 61.8% retracement of the Dec 1 - Feb 3 bull leg
- SUP 3: 0.8691 Low Dec 19
- SUP 4: 0.8649 76.4% retracement of the Dec 1 - Feb 3 bull leg
EURGBP defied bearish short-term signals, although the cross is trading close to recent lows. Price has recently breached support at 0.8755, the Feb 28 low and recently pierced 0.8722, the Jan 19 low. Clearance of 0.8722 would leave the 0.8700 handle exposed and signal scope for a continuation lower. Initial firm resistance is seen at 0.8844, the Mar 15 high. A breach of this hurdle would ease bearish pressure and open 0.8900, a trendline resistance.
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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.