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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 POLITICAL RISK - Trump Announces Raft Of Key Nominations
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(M18) Rally Through 131.63 Tempered By...>
BOBL TECHS: (M18) Rally Through 131.63 Tempered By Upper Volatility Band
*RES 4: 132.37 50% Fibo of 134.89-129.84
*RES 3: 132.06 76.4% Fibo of 132.74-129.84
*RES 2: 131.82 Jan 8 high
*RES 1: 131.76 0.5% volatility band
*PRICE: 131.71 @1518GMT
*SUP 1: 131.46/52 Broken 15 month res line, hourly support
*SUP 2: 131.38 Intraday low
*SUP 3: 131.25 May 3, May 10 highs, now support
*SUP 4: 131.11 May 22 low
*COMMENTARY* Has continued to post gains following Wednesday's rally through the
15 month falling resistance line at 131.46, today seeing a rise through dual
resistance from 131.63. The rally has so far been tempered by the upper 0.5%
volatility band at 131.76. As a result, support also on the rise, 131.52
initially ahead of that resistance line at 131.46, although it would currently
take a drop back below the day's 131.38 low to disrupt the recent uptrend.
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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.