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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 OPEN: Early Geopol Risk Roils, Focus Turns To Fed
MNI ASIA MARKETS ANALYSIS: South Korea Rescinds Martial Law
Equities Roundup: SPX Rally Revisits August 2022 Levels
- Stocks extend rally, SPX Eminis back to Aug 22 levels amid delayed short covering following debt bill passing senate last night. Post-data bid as June hike remains uncertain. From a practical standpoint, Materials, Energy and Consumer Discretionary sectors leading the move: metals and mining stocks supporting the former, while a rally in crude (WTI +1.43) helping Energy stocks
- At the moment S&P E-Mini futures are up 49.25 points (1.16%) at 4277.25; Nasdaq up 119.3 points (0.9%) at 13219.22; DJIA up 484.71 points (1.47%) at 33546.29.
- For a technical perspective, S&P E-minis trend conditions remain bullish and the contract is trading higher today. Resistance at 4244.00, the Feb 2 high and a medium-term bull trigger, has been cleared.
- The break reinforces bullish conditions and confirms a resumption of the uptrend that started in October 2022. This opens 4288.00 next, the Aug 19 2022 high.
- On the flipside, the 50-day EMA, at 4138.48 remains a key support. A break of this average is required to signal a reversal.
To read the full story
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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.