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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.
EMERGING MARKETS
- EM Financials remain vulnerable in the near term in the current risk off environment as surging recession risks could continue to weigh the cyclical stocks.
- EM MSCI Financials Index continues to trade at the low of its downward trending channel, currently flirting with the 301.60 support line.
- A break below that level would bring us to November 2020 lows.
- Next key level to watch on the downside stands at 295.20, which corresponds to the 50% retracement of the 223.80 – 366.60 range.
- On the topside, resistance to watch stands at 312 (38.2% Fibo retracement).
Source: 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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