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Policy
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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Free AccessLocked in a downtrend: *RES 4:..........>
CABLE TECHS: Locked in a downtrend:
*RES 4: 1.2428/60 Trendline off May 6 high/High Jul 26
*RES 3: 1.2382 Low Jul 17
*RES 2: 1.2250 High Jul 31
*RES 1: 1.2210 High Aug 6
*PRICE: 1.2165 @ 08:27 GMT Aug 08
*SUP 1: 1.2080 Cycle low
*SUP 2: 1.2004 Bear channel base drawn off the May 6 high
*SUP 3: 1.2000 Psychological round number
*SUP 4: 1.1986 Low Jan 16 2017
Gains above 1.2205/10 have so far proved hard to overcome, giving more
importance to this level. Failure to break keeps the longer-term downtrend
intact, opening a return to Thursday's low at 1.2080, ahead of the psychological
1.20 level and post-referendum lows at 1.1841. Bulls need to clear trendline
resistance drawn off the May 6 high at 1.2428 to change the short-term outlook.
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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.