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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 AccessMNI ASIA OPEN: Nov Job Gains, Fed Blackout, CPI/PPI Ahead
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Probed through its Gbp0.8500..........>
EURO-STERLING: Probed through its Gbp0.8500 resistance in early Europe trade
Monday, touched Gbp0.8504 before reversing. Sterling rally allowed the cross to
break back through it s 10-dma at GBp0.8463 to Gbp0.8443 in early NY before it
settled around Gbp0.8450 into the close. Consolidation through Asia saw rate
contained by Gbp0.8446/52, early Europe again taking the rate higher, touched
Gbp0.8457 before momentum faded and it eased to Gbp0.8450. Rate currently holds
below its key technical 10-dma, which by time has eased to Gbp0.8462. While
below its turns outlook bearish, though needs more convincing momentum. Support
seen at Gbp0.8443/34, Gbp0.8400 ahead of Gbp0.8387. Base of the 1.0% 10-dma
currently comes through Gbp0.8377. Above GBp0.8462, Gbp0.8474/86 ahead of
Gbp0.8498/0.8504, Gbp0.8538, Gbp0.8547(topside 1.0% 10-dma envelope).
- UK Q4 GDP, IP/Mfg, Trade and Construction data at 0930GMT.
- BOE Carney and Haskel speak later.
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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.