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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
Rally Backs Away From Last......>
EURO-STERLING TECHS: Rally Backs Away From Last Month's Stg0.9022-32 Highs
*RES 4: Stg0.9087 61.8% Fibo of Stg0.9306-Stg0.8733
*RES 3: Stg0.9054 2% volatility band
*RES 2: Stg0.9022/32 Oct 20, Oct 12 highs
*RES 1: Stg0.8970/80 Hourly resistance
*PRICE: Stg0.8912 @1049GMT
*SUP 1: Stg0.8889 Nov 14 low
*SUP 2: Stg0.8863 Nov 8 high, now support
*SUP 3: Stg0.8837 Nov 13 low
*SUP 4: Stg0.8811 Nov 10 low
*COMMENTARY* Tuesday's rise surpassed both 76.4% Fibo resistance from Stg0.8961
and the Oct 24 high at Stg0.8975. Wednesday continued the rally by making a
challenge toward last month's previous Stg0.9022-Stg0.9032 highs. Overbought
near term and the appearance of a 'Shooting Star' candle at Wednesday's close is
a concern. With the loss of Stg0.8913 then Stg0.8889, currently protects against
anything more damaging.
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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.