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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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Free AccessEUR/USD Narrowing Gap With Key Support
- EUR/USD extending back toward the session lows, narrowing the gap with key support at both the 1.1807 20-day EMA and the 1.1803 50-dma. A break through here would mark a further deterioration in the near-term outlook, opening 1.1735 initially (the Aug 27 low) as well as the bear trigger at 1.1664.
- Outside of the Bank of Canada decision in just under 30 minutes' time, focus turns to a speech on the economic outlook from Fed's Williams - speaking at 1810BST/1310ET. Text is due to be released, with Q&A following. Williams will mark the first major FOMC member to comment since Friday's miss on NFP.
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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.