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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: PBOC Net Drains CNY195.3 Bln via OMO Wednesday
MNI ASIA OPEN: Late Rate & Stock Rally, 5Y Sale Well Received
MNI ASIA MARKETS ANALYSIS: Tsys Rebound Late Session Highs
US TREASURY AUCTION CALENDAR: 5Y Stops Through
Has Pierced Support At The 50-Day EMA
- RES 4: 0.8704 76.4% retracement of the Nov 20 - Feb 14 bear cycle
- RES 3: 0.8683 High Jan 2
- RES 2: 0.8665 61.8% retracement of the Nov 20 - Feb 14 bear cycle
- RES 1: 0.8600/45 High Apr 24 / 23
- PRICE: 0.8556 @ 06:59 BST Apr 29
- SUP 1: 0.8551 Intraday low
- SUP 2: 0.8521/8504 Low Apr 17 / Low Mar 8
- SUP 3: 0.8498/93 Low Feb 14 / Low Aug 23 2023 and key support
- SUP 4: 0.8454 76.4% of the Mar 7 - Sep 26 ‘23 bull phase
The S/T trend condition in EURGBP remains bullish and the latest pullback appears to be a correction. A strong rally on Apr 19, resulted in a break of 0.8602, Mar 22 high and a key resistance. This confirmed a range breakout and a resumption of the bull cycle that started Feb 14. This has opened 0.8665, a Fibonacci retracement. Support at 0.8567, the 50-day EMA, has been pierced. A clear break would be bearish and open 0.8521, Apr 17 low.
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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.