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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: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
(H3) Multi-Decade Lows
- RES 4: 106.296 61.8% retracement of the Dec 2 - Jan 2 bear leg
- RES 3: 106.130/106.155 High Feb 2 / High Jan 18 and bull trigger
- RES 2: 105.978 50-day EMA
- RES 1: 105.850 High Feb 7
- PRICE: 105.135 @ 15:14 GMT Feb 24
- SUP 1: 105.065 Low Feb 24
- SUP 2: 104.970 Low Oct 20 2008
- SUP 3: 104.786 Lower 3.0% Bollinger Band
- SUP 4: 104.269 1.0% 10-dma Envelope
Schatz futures started the week softer and retained the downside bias well into the Friday close. Further multi-decade low prices were the result, with Schatz futures hitting the lowest levels since 2008. This leaves 104.970 as next downside level, but support is seen scant into vol bands at 104.786 and 104.269. On the upside, key resistance has been defined at 106.130, the Feb 2 high and 106.155, the Jan 18 high. Clearance of this resistance zone would reinstate a bullish condition.
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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.