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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
(M3) Remains Vulnerable
- RES 4: 106.190 High Apr 6
- RES 3: 106.020/106.120 High May 11 / 4
- RES 2: 105.910 High May 16
- RES 1: 105.685 20-day EMA
- PRICE: 105.550 @ 05:35 BST May 22
- SUP 1: 105.390 Low May 19
- SUP 2: 105.350 Low Apr 28
- SUP 3: 105.235 Low Apr 25
- SUP 4: 105.165 Low Apr 19 / 24 and bear trigger
A short-term bearish cycle in Schatz futures remains in play and the contract traded lower once again Friday. Price breached support last week at 105.705, the May 10 low. The clear break strengthens near-term bearish conditions and signals scope for a deeper retracement towards 105.350, the Apr 28 low. On the upside, the bull trigger has been defined at 106.120, the May 4 high. Initial resistance is seen at 105.685, 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.