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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.
EQUITIES
- European Indices continue to plummet, some big moves after gapping lower on the Cash open.
- Tech stock (SX8P) is down 3.36%, and has broken the April low to trade at its lowest level since January.
- Estoxx: (SX5E) tests the 38.2% retrace of the Oct/April rally at 4690.58 (see chart).
- For the Futures contract (VGU4), it is testing 4711.10 1.382 proj of the Jun 6 - 14 - Jul 12 price swing.
- A clear break through, would open to 4679.00 1.50 proj of the Jun 6 - 14 - Jul 12 price swing.
Chart source: MNI/Bloomberg
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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