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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 US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
MNI China Daily Summary: Wednesday, November 27
Holding Above Recent Lows
- RES 4: 3326.79 High Sep 18
- RES 3: 3263.57 50-day EMA
- RES 2: 3247.22 20-day EMA
- RES 1: 3227.43 High Sep 28
- PRICE: 3214.30 @ Close Sep 29
- SUP 1: 3144.52 Low Sep 28
- SUP 2: 3097.67 Low Sep 25
- SUP 3: 3054.11 Low Jun 15
- SUP 4: 3012.50 38.2% retracement of the Mar - Jul rally
EUROSTOXX 50 traded sharply higher Tuesday. The reversal is potentially an early indication of a base following the recovery off the Sep 25 low. Key support has been defined at 3097.67. Continued gains would expose a firm resistance zone at 3244.09 to 3261.64, the 20- and 50-day EMA levels respectively. A breach of this zone would signal scope for further bullish gains. Weakness through 3097.67, Sep 25 low, resumes the downtrend.
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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.