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Policy
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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 China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
Oil Prices Climb Despite Potentially Large IEA Release
- Oil prices have firmed today as geopolitical tensions ratchet up as the EU works on new tougher sanctions on Russia (Macron wants to discuss oil & coal), following evidence of mass civilian killings as Russian forces pulled back from positions in area around Kyiv.
- Separately, Saudi Arabia raised prices for customers in all regions whilst IEA had been rumoured to be considering releasing 120million barrels of oil but no official confirmation of that yet.
- WTI is +4.2% at $103.47. Resistance is seen at $108.75 (Mar 30 high) whilst support is seen at $98.44 (Mar 29 low).
- Brent is +3.3% at $107.80 as it moves further away from the 50-day EMA of $100.04. Resistance is $112.28 (Mar 30 high) after which it could open the bull trigger of $119.74 (Mar 24 high).
- Gold is +0.3% at $1931.6. Support remains the bear trigger of $1890.2 (Mar 29 low) whilst resistance is seen at $1966.1 (Mar 24 high).
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.