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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Range Top Holds *RES 4:.........>
EURO-STERLING TECHS: Range Top Holds
*RES 4: 0.8972 High Mar 31
*RES 3: 0.8911 High Apr 1
*RES 2: 0.8865 Apr 7 high and range resistance
*RES 1: 0.8848 50-dma
*PRICE: 0.8824 @ 10:37 BST May 13
*SUP 1: 0.8759 Low May 12
*SUP 2: 0.8691 Low May 01 / 05
*SUP 3: 0.8671 Low Apr 30 and range base
*SUP 4: 0.8657 Low Mar 9
EURGBP struck multi-week highs Tuesday clearing resistance at 0.8814, May 5 high
and tested the 50-dma of 0.8848. More importantly, the cross is trading close to
the top of its current range at 0.8865, Apr 7 high. The base is at 0.8671, Mar
30 low. Clearance of the range high would highlight a bullish reversal and open
0.8911, Apr 1 high and 0.8972, Mar 31 high. For now though the cross remains
within the range, initial support lies at 0.8759, yesterday's low.
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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.