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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 AccessMNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
(H18) Decline Continues, 160.51-160.37...>
BUND TECHS: (H18) Decline Continues, 160.51-160.37 Next Supports
*RES 4: 161.55 Jan 10 high
*RES 3: 161.36 Previous hourly high Jan 10
*RES 2: 161.05/15 Congestion area Jan 10
*RES 1: 160.91 Jan 10 low
*PRICE: 160.58 @1440GMT
*SUP 1: 160.51 1.618 swing of 160.91-161.55
*SUP 2: 160.37 76.4% Fibo of 158.73-165.69
*SUP 3: 160.24 Sep 28 low
*SUP 4: 160.00 May 11 low
*COMMENTARY* Recovery limited to 161.55 before downside pressure has resumed.
Today this has broken below Wednesday's 160.91 base and also extended below the
2 week bear channel base at 160.85. Next support comes from the 1.618 swing
target of the most recent 160.91-161.55 rally, which comes in at 160.51. Any
lower and the 76.4% Fibo retrace level at 160.37 protects against a return to
two former lows at 160.24 and 160.00. Nearest resistance 160.91-161.15.
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.