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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 ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
MNI ASIA MARKETS ANALYSIS: South Korea Rescinds Martial Law
Gold is higher in Asia-Pac trade on Monday,....>
GOLD: Gold is higher in Asia-Pac trade on Monday, the yellow metal last up $2.05
in a broadly risk off environment at $1,290.42.
- Gold is supported by a weaker USD, DXY has held declines made on Friday, last
near 2-month lows at 92.785.
- Markets focus on the upcoming Tax bill debate in the Senate, media reports
over the weekend noted that while Senate Republicans believe they have the votes
required, senior Republican lawmakers are still seeking to lock in the necessary
votes. The vote could take place on November 30 according to Republican leaders.
- There are several key events this week including a Congressional hearing for
Fed Chair nominee Jerome Powell and secondary print of Q3 GDP.
- MNI technical analysis sees support at $1285.8 - Low Nov 24, resistance is
seen at $1297.0 - Hourly Nov 17. Bulls took comfort in the bounce from $1274.9
returning pressure to $1297.0.Bulls continue to look for a close above $1297.0
to confirm traction above the 55-DMA ($1286.8) and focus on $1306.0-1320.0.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.