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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 AccessEUR/USD last trades at $1.1334, 5.......>
EURO-DOLLAR: EUR/USD last trades at $1.1334, 5 pips worse off on the day after
falling 25 pips yesterday. The rate tracked broader USD strength on Monday, in
the absence of major EZ-specific data or news flow.
- Bears need a breach of the up trendline from Nov 12 at $1.1329 before
targeting the 200-WMA, located a further 10 pips below. Meanwhile, bulls look to
the 200-HMA at $1.1360. Above here opens the 100-HMA & down trendline from Sep
24, situated at $1.1369.
- On Thursday, the ECB will deliver its latest MonPol decision, which will be
followed by a press conference with ECB President Draghi. For the latest MNI
PINCH update for the ECB, see
https://emedia.marketnews.com/MNI_PINCH_UPDATE.pdf.
- Elsewhere, EZ focus this week turns to Italian GDP (f) due later today, EZ GDP
(f) due Thursday and remarks from ECB's Nowotny due Friday.
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.