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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: PBOC Net Drains CNY216 Bln via OMO Monday
MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29
Gbp0.8725 Support Key Today.....>
EURO-STERLING TECHS: Gbp0.8725 Support Key Today
*RES 4: Gbp0.8904 Low Mar 8 now resistance
*RES 3: Gbp0.8868 200-DMA
*RES 2: Gbp0.8844 High May 4
*RES 1: Gbp0.8779 55-DMA
*PRICE: Gbp0.8771 @ 0930GMT
*SUP 1: Gbp0.8725 Low May 9
*SUP 2: Gbp0.8701 Bollinger band base
*SUP 3: Gbp0.8678 Low Apr 26
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Hesitation ahead of Gbp0.8844-0.8904 where the 200-DMA is noted has
resulted in a close back below the 55-DMA, easing bullish pressure and seeing
immediate focus on Gbp0.8725. Bears now need a close below Gbp0.8725 to shift
overall focus back to 2018 lows. Bulls now need a close above the 55-DMA to gain
breathing room and return focus to Gbp0.8844-0.8904. Above Gbp0.8904 is needed
to confirm a break of the 200-DMA and initially target 2018 highs.
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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.