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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 Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
Stg0.8810 Now The Bar To........>
EURO-STERLING TECHS: Stg0.8810 Now The Bar To Further Recovery Prospects
*RES 4: Stg0.8886 76.4% Fibo of Stg0.8968-Stg0.8620
*RES 3: Stg0.8847 1% volatility band
*RES 2: Stg0.8842 May 4 high
*RES 1: Stg0.8810 May 8 high
*PRICE: Stg0.8788 @0908GMT
*SUP 1: Stg0.8756 May 31 low
*SUP 2: Stg0.8728 Initial recovery high May 29, now support
*SUP 3: Stg0.8697 May 29 low
*SUP 4: Stg0.8673/81 76.4% Stg0.8620-Stg0.8842, Apr 26 low
*COMMENTARY* This week's earlier Stg0.8795-Stg0.8697 fall has now been reversed
following the move back through Stg0.8775 resistance. Once again facing
potential problems from between Stg0.8797-Stg0.8810, as we again move back
towards the middle of the well established bear channel. Support now from
Stg0.8756 but it would require a loss of Stg0.8728 to renew downside interest.
Above Stg0.8810 and Stg0.8842-Stg0.8886 the next target range higher.
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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.