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EQUITY TECHS

E-MINI S&P (M1): Stable Above Support

CORN TECHS

(N1) Fresh Cycle High

STIR

Effective Fed Funds Rate

BONDS

Selling interest across the board

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Early NY saw strong general USD demand, prompted by decent earnings
reports out of the US, and acted to press EUR/USD through $1.1200 before meeting
support at $1.1192, just shy of the Apr2 low of $1.1184. Rate recovered to
$1.1216, finding support above $1.1210 in post Europe trade.
- Support now seen at $1.1192-84 ahead of the Mar07 YTD low of $1.1177.
Resistance $1.1220, $1.1260. 
- Wednesday German IFO, Bank of Canada rate decision are the highlights, with
more US earnings due as the S&P500 comes within 10 points of all-time highs.
 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com