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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 AccessOpened in Asia at $1.1587 toward the....>
EURO-DOLLAR: Opened in Asia at $1.1587 toward the middle of the $1.1554 to
$1.1616 range witnessed yesterday, where a stronger US dollar and disappointing
German Industrial Production data, where production contracted by 1.6% m/m,
against consensus of -0.9% m/m was seen to weigh on the single currency. China's
October Trade reports provides the event risk for the session, whilst there is
no-set time for the data, it normally comes out around 0200GMT. Support is
located at $1.1554 (Nov7 low), with protection again expected ahead of the
$1.1550 option barrier, while resistance is found at $1.1616 (Nov7 high).
To read the full story
Sign up now for free trial access to this content.
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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.