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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Outlook Remains Bullish
- RES 4: 0.8721 High Apr 26
- RES 3: 0.8703 1.236 proj of the Aug 10 - Sep 7 - Sep 16 rally
- RES 2: 0.8670 High Jul 20 and key resistance
- RES 1: 0.8658 High Sep 29
- PRICE: 0.8605 @ 06:27 BST Oct 1
- SUP 1: 0.8565/26 50-day EMA / Low Sep 28
- SUP 2: 0.8501 Low Sep 16
- SUP 3: 0.8495/84/95 1.0% 10-dma envelope / Low Aug 16
- SUP 4: 0.8450 Low Aug 10
Despite yesterday's move lower, the EURGBP short-term outlook remains bullish. This follows the strong rally on Sep 28 that resulted in a breach of resistance at 0.8613/14, Sep 22 / Sep 7 high. Scope is seen for an extension towards resistance at 0.8670, Jul 20 high and the next important near-term resistance. On the downside, the Sep 28 low of 0.8526, while far off, is support. A break would reinstate a bearish theme.
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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.