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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: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Sharp Retracement
- RES 4: 0.8670 High Jul 20 and key resistance
- RES 3: 0.8659 High Jul 21
- RES 2: 0.8614/18 High Sep 7 / 76.4% of the Jul 20 - Aug 10 sell-off
- RES 1: 0.8613 High Sep 22 and a bull trigger
- PRICE: 0.8538 @ 17:09 BST Sep 23
- SUP 1: 0.8530 Sep 20 low
- SUP 2: 0.8502/01 76.4% of the Aug 10 - Sep 7 rally / Low Sep 16
- SUP 3: 0.8484 Low Aug 16
- SUP 4: 0.8467/50 1.0% 10-dma envelope / Low Aug 10
EURGBP is sharply lower following Thursday's BOE announcement. The cross failed to challenge key resistance Wednesday at 0.8614, Sep 7 high. Further weakness would open initial support at 0.8530, Sep 20 low ahead of the key short-term support at 0.8501, Sep 16 low. A breach of this level would open 0.8484, Aug 16 low and 0.8450, Aug 10 low and the bear trigger. For bulls, clearance of 0.8614 is required to highlight a firmer bullish theme.
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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.