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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 AccessOil Products Summary at European Close: Gasoline Crack Rises
MNI US MARKETS ANALYSIS - Yields Inch to New 7-Month High
Fresh Cycle Highs On Friday
SGX Iron Ore printed fresh cycle highs on Friday as recent gains extended before marginally pairing gains after the stronger than forecast US NFP print.
- The January contract sits at $135.60/tonne in early trade on Monday.
- Cycle high of $136.20/tonne was printed as support came as steel mills in China replenish depleted inventories in anticipation of stronger consumption next year (BBG). Chinese imports in November rose back above 100 million tons despite a seasonal lull in building activity, as the sentiment from the Chinese Government's Y1tn stimulus lingers.
- Technically bulls now target a break of Friday's high which opens the $140/tonne handle. Support comes in at $129.72/tonne.
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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.