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Free AccessE-Minis Through Wednesday’s Highs
Note that there hasn’t been much in the way of macro news flow to digest, but it would seem that regional reaction to Wednesday’s softer than expected U.S. CPI data and the subsequent rally in U.S. equities has facilitated an uptick in e-minis during early Asia-Pac dealing. The 3 major e-mini contracts operate 0.2-0.3% above their respective settlement levels, trading above their Wednesday highs in the process, with the NASDAQ 100 contract leading the way after the contract closed in bull market territory. When it comes to technicals, the S&P 500 contract has registered the highest level seen since early May, with little in the way of meaningful resistance observed until the May 4 high. A reminder that the rally from cycle lows has built against a backdrop of limited long positioning.
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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.