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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 MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
MNI China Daily Summary: Tuesday, November 26
Immediate Focus On Y111.22-98......>
DOLLAR-YEN TECHS: Immediate Focus On Y111.22-98
*RES 4: Y111.98 Low Dec 6 now resistance
*RES 3: Y111.96 Daily Bull channel top
*RES 2: Y111.49 High Jan 18
*RES 1: Y111.22 High Jan 22
*PRICE: Y111.09 @ 0430GMT
*SUP 1: Y110.44 55-WMA
*SUP 2: Y110.02 High May 2 now support
*SUP 3: Y109.64 Low May 15
*SUP 4: Y109.13 Low May 11
*COMMENTARY: Bullish confidence grows with closes above the 55-WMA adding
support to the case for a test of Y111.22-98. A close above Y111.98 is then
needed to target Y112.97-113.75 where the 200-WMA, Dec and 2018 highs are noted.
Bears still need a close below Y110.02 to gain breathing room and below the
100-DMA (Y108.38) to shift initial focus back to Y107.34-85 where the 55-DMA is
noted. The Bollinger top (Y110.92) remains the key concern for bulls.
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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.