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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 AccessRecovered off Monday's low of $1.1309...>
EURO-DOLLAR: Recovered off Monday's low of $1.1309 to $1.1343, closing the
session around its 21-dma at $1.1342 (today at $1.1337). The USD firm tone
reasserted itself in Asia as EUR/USD drifted off to $1.1325 (and USD/JPY edged
back toward Y112.00), settled around $1.1330 into Europe. Support remains into
$1.1310/00, the area covering Monday's low of $1.1309 and 1.1305, 61.8%
retracement of the move up from $1.1234 to $1.1420. A break of $1.1300 to expose
$1.1280/70. Resistance $1.1337/41 ahead of $1.1350/60.
- Key this week, Thursday the ECB will deliver its latest MonPol decision, which
will be followed by a press conference with ECB President Draghi. For the latest
MNI PINCH update for the ECB, see
https://emedia.marketnews.com/MNI_PINCH_UPDATE.pdf
- Elsewhere, EZ focus this week turns to EZ Services/Composite PMI's, Italian
GDP (f) today, EZ GDP (f) Thursday and remarks from ECB's Nowotny Friday.
To read the full story
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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.