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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 BRIEF: BOJ Tankan To Show Slipping Sentiment
MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday
Key S/T Resistance Remains Intact
- RES 4: 1.0774 High Jun 9
- RES 3: 1.0736 2.382 proj of the Sep 28 - Oct 4 - 13 price swing
- RES 2: 1.0668 2.236 proj of the Sep 28 - Oct 4 - 13 price swing
- RES 1: 1.0595/0615 High Dec 5 and bull trigger / High Jun 27
- PRICE: 1.0522 @ 15:21 GMT Dec 9
- SUP 1: 1.0443 Low Dec 7
- SUP 2: 1.0387/0291 20-day EMA / Low Nov 30
- SUP 3: 1.0223 Low Nov 21
- SUP 4: 1.0214 50-day EMA
EURUSD continues to trade closer to its recent highs but has pulled back from the Friday high and this leaves resistance at 1.0595 intact, Dec 5 high. A break of this hurdle is required to confirm a resumption of the uptrend and open 1.0615, the Jun 27 high. Note that while price remains below 1.0595, a bear candle on Dec 5 - shooting star - continues to highlight a possible short-term bearish threat. A reversal would open 1.0387, the 20-day EMA.
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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.