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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.
EUR
- Gap lower in yields leading the dollar lower here - with EUR/USD's new daily high print at 1.0876 the highest since Feb 22, and briefly puts spot through the 50-dma resistance at 1.0866.
- 1.0888 could be key ahead - the level marks both the Feb 22 high as well as the tail of an inverted hammer (which intersected with the 50-dma at the time) - so could garner attention on a break and close above the mark.
Figure 1: Post ISM Services weakness exposes key EUR/USD resistance
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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