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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Release Monday showing the improvement in.....>
CABLE: Release Monday showing the improvement in the final Services PMI at 50.0,
vs its flash 49.0, provided sterling with a general boost and allowed cable to
recover to a pre NY high of $1.3175, off an early Europe dip to $1.3064. Early
NY saw general USD demand which pressed rate back to $1.3134 before fresh demand
emerged to take rate to a intraday high of $1.3177 ahead of the close.
Consolidation in early Asia saw rate confined within $1.3169-78 before coming
under pressure into Europe which pressed it down to $1.3142 with recovery
efforts so far fairly muted.
- Support $1.3134, $1.3119(21-dma) and into $1.3100. Resistance $1.3180,
$1.3200.
- Thin data calendar for the UK Tuesday. EZ CPI, US Trade, non-mfg ISM, Factory
Orders and Durable Goods provide data interest. Risk continues to watch US-Iran
developments.
- UK parliament returns Tuesday, Brexit legislation on the agenda. Chancellor
Javid sets Mar11(post-Brexit) for Budget.
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.