- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI China Daily Summary: Thursday, August 24
MNI: PBOC Net Drains CNY107 Bln Thursday via OMO
MNI: PBOC Yuan Parity Lower At 7.1886 Thursday; -6.05% Y/Y
Needle Still Points South
- RES 4: 0.9093 High Dec 29
- RES 3: 0.9085 High Jan 6
- RES 2: 0.8984/96 50-day EMA / High Jan 12
- RES 1: 0.8925 High Jan 18
- PRICE: 0.8879 @ 06:13 GMT Jan 25
- SUP 1: 0.8830 Low Jan 21
- SUP 2: 0.8808 Low May 13
- SUP 3: 0.8759 Low May 12, 2020
- SUP 4: 0.8735 2.0% 10-dma envelope
EURGBP outlook remains bearish. Last week's key technical development was the breach of key support at 0.8867 and 0.8861, the Nov 23 and Nov 11 lows respectively. The break lower reinforced underlying bearish conditions and paves the way for a move towards 0.8800 and 0.8784. On the upside, a key short-term resistance has been defined at 0.8925, Jan 18 high where a break is required to ease the bearish pressure.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
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.