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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 Access*Nov23 euro-dollar open $1.1822,.......>
EURO SUMMARY: *Nov23 euro-dollar open $1.1822, range $1.1813 to $1.1838
*Euro-dollar opened in Asia toward the upper side of the $1.1733 to $1.1827
range witnessed yesterday, where talk of a new 'grand coalition' in Germany,
weaker US economic data and dovish Fed minutes placed the greenback on the
defensive.
*Euro dipped from near $1.1825 to $1.1813 with reported sales from euro-yen
*As the cross recovered, euro pushed over yesterday's $1.1827 top to print a new
high of $1.1838 before fading
*Initial resistance lies at $1.1847 (daily Bollinger band top), a break to
expose key-resistance at $1.1883 (61.8% fib $1.2092-$1.1554 decline), while
Asia's base of $1.1813 provides initial support.
*German Q3 GDP provides the initial event risk for the session ahead, which
includes German/Eurozone preliminary PMIs for November.
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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.