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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 China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
MNI: Japan Govt Keeps Economic Assessment, Ups Imports
Focus On Gbp0.8690-0.8790.......>
EURO-STERLING TECHS: Focus On Gbp0.8690-0.8790
*RES 4: Gbp0.8928 High Jan 12
*RES 3: Gbp0.8867 Hourly resistance Jan 17
*RES 2: Gbp0.8854 55-DMA
*RES 1: Gbp0.8838 Hourly support Jan 10 now resistance
*PRICE: Gbp0.8811 @ 0530GMT
*SUP 1: Gbp0.8790 Low Dec 18
*SUP 2: Gbp0.8780 Hourly support Dec 15
*SUP 3: Gbp0.8759 Lows Dec 14 & 15
*SUP 4: Gbp0.8690 Monthly Low Dec 8
*COMMENTARY: Failure to gain traction above the 100-DMA (Gbp0.8880) and
rejections ahead of Gbp0.8928 resulted in a sell-off and closes below key DMAs
that sees focus back on Gbp0.8690-0.8790. Bears look for a close below Gbp0.8690
to reconfirm a bearish bias and target tests of Gbp0.8313-80 where 2017 lows are
noted. Bulls need a close above Gbp0.8867 to ease renewed bearish pressure.
Above Gbp0.8928 shifts initial focus to Gbp0.8981-0.9048.
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.