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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Fresh cycle high: *RES 4:.......>
EURO-STERLING TECHS: Fresh cycle high:
*RES 4: 0.9415 High Oct 2016
*RES 3: 0.9307/38 High Aug 29 2017/Upper 2.0% 10-dma envelope
*RES 2: 0.9278 Upper Bollinger Band (2%)
*RES 1: 0.9265 Intraday high
*PRICE: 0.9237 @ 14:48 GMT Aug 08
*SUP 1: 0.9196/88 100-hma/Low July 7
*SUP 2: 0.9159/26 200-hma/Aug02 low
*SUP 3: 0.9089 Low Jul 31
*SUP 4: 0.9051 High Jul 17 and last Monday's bull trigger
EURGBP breached 0.9250, accelerating the move to fresh cycle highs of 0.9265.
The underlying tone holds firm, opening the upper 2% Bollinger band at 0.9278,
ahead of 0.9302 which equates to GBPEUR 1.0750. Momentum and trend indicators
remain in bullish territory. keeps the broader bullish outlook intact. Initial
support at 0.9159 from the 200-hma, a break opens a return to 0.9051, the former
bull trigger.
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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.