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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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Free AccessMNI US Macro Weekly: Politics To The Fore
MNI Credit Weekly: Le Vendredi Noir
Must Sustain Bounce *RES 3: 1.2416......>
CABLE TECHS: Must Sustain Bounce
*RES 3: 1.2416 100-day MA
*RES 2: 1.2413 High Oct 3
*RES 1: 1.2357 High Oct 4
*PRICE: 1.2256 @ 08:33 GMT Oct 9
*SUP 1: 1.2195 Low Oct 8
*SUP 2: 1.2172 1.0% 10-dma envelope
*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise
GBPUSD traded lower Tuesday making light work of the 50-dma support as dire
Brexit news weighed. However, highlighting the continued headline risk
sensitivity, GBP/USD bounced on reports the EU could make further concessions.
The ability of the pair to sustain this bounce remains to be seen. The recent
sell-off threatens the modestly positive outlook with the 1.2197 Fibonacci
retracement under pressure. An extension lower opens the 10-dma envelope at
1.2181 and the low 1.21's. For bulls to regain control, upside targets have
shifted to 1.2357 and 1.2413 and need to be cleared to expose 1.2582.
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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.