-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessStable Near The Week’s Lows
- RES 4: 1.2028 2.0% 10-dma envelope
- RES 3: 1.2000 Psychological round number
- RES 2: 1.1978 1.236 proj of May 7 - Jun 10 rally from Jun 19 low
- RES 1: 1.1916 High Aug 6
- PRICE: 1.1722 @ 04:56 BST Aug 12
- SUP 1: 1.1696 Low Aug 3
- SUP 2: 1.1680/1639 20-day EMA / Low Jul 27
- SUP 3: 1.1581 Low Jul 24
- SUP 4: 1.1541 Low Jul 23
The pair traded softer into the Friday close, inching further from the 1.1916 high. The weak Friday close makes a period of consolidation more likely, with bulls needing to secure a close above 1.19 to reignite any uptrend. Momentum indicators were flashing overbought consistently across last week, and a longer pause may relieve some of this pressure. The technical outlook deteriorates below 1.1696. Any persistent move higher will focus on the psychological 1.2000 handle.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.