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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 Eurozone Inflation Insight – November 2024
MNI ASI OPEN: Fed Bostic Still Confident of Waning Inflation
MNI ASIA MARKETS ANALYSIS: Tsy Curves Twist Flatter
Not enough to buck downtrend: *RES 4:...>
CABLE TECHS: Not enough to buck downtrend:
*RES 4: 1.2813 High May 21
*RES 3: 1.2763 High Jun 7 and key resistance
*RES 2: 1.2695 Trendline resistance drawn off the May 6 high
*RES 1: 1.2559 Low May 31 and recent breakout point
*PRICE: 1.2542 @ 15:50 GMT June 18
*SUP 1: 1.2500 Round number support
*SUP 2: 1.2476 Low Dec 12, 2018
*SUP 3: 1.2407 Low Jan 3 and major support
*SUP 4: 1.2400 Round number support
The pair staged a modest recovery ahead of the close, but this will have been
insufficient to materially change the firm downward trend. GBPUSD selling
pressure continues to dominate below the May low of 1.2559. This opens a move to
1.2500 with the Jan 3 low of 1.2407 also coming into view. Potential bullish
divergence between price and momentum on the daily frequency is developing,
however this does not represent a significant threat to bears at this stage.
To read the full story
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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.