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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 AccessKey Price Signal Summary - Sterling Maintains Centre Stage In FX
- Cable yesterday traded through resistance at 1.3482, Sep 1 high and confirms a resumption of the broader uptrend that started in March. This has exposed 1.3514, Dec 13 high and 1.3547, a Fibonacci projection.
- EURGBP maintains a bullish technical tone following this week's rally through trendline resistance drawn off the Sep 11 high. Firm support to watch though is 0.8974, the former trendline resistance. A break below this support would reinstate a bearish risk.
- GBPCHF is volatile. If EURCHF is able to clear resistance at 1.0878, Sep 1 high and 1.0916, Jun 5 high, GBPCHF would likely be a main beneficiary in a bullish Sterling rally.
- Trend and level summary for PM and Oil:
- Gold remains bullish and is approaching firm resistance at $1848.8, Sep 18 and the recent breakout level.
- Brent (G1) has resumed its uptrend. The next resistance and objective is $50.00 and $50.45, 61.8% of the Jan - Apr sell-off (cont). WTI (F1) bulls eye $48.07 - 0.764 projection of Apr - Aug rally from the Nov 2 low.
- FI bearish pressure earlier this week is likely to still weigh on sentiment: Bund (Z0) key support is 173.47, low Nov 11 and the bear trigger. Gilts (H1) initial support is at 133.52, Dec 2 low. Treasuries (H1) support and downside trigger is at 133.52, Dec 2 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.