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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 EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
Takes out key support: *RES 3: 1.2735...>
CABLE TECHS: Takes out key support:
*RES 3: 1.2735 200-dma
*RES 2: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 1: 1.2582 High Sep 20 / High Jul 15
*PRICE: 1.2372 @ 15:32 GMT Sep 25
*SUP 1: 1.2355 Intraday low
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/75 Low Sep 12 / 50-dma
Support that the pair found in the Tuesday session faltered Wednesday, returning
the focus lower and shifting sights to the 50-dma at 1.2275. This harms the
over-arching bullish outlook, giving those looking for a resumption of the
uptrend with a tougher task. Wednesday saw key support at 1.2393, give way,
opening 1.2327 in the first instance. A breach of this level is required to
threaten a deeper pullback and the potential start of a correction. Bulls need
to re-take Friday's 1.2582 high, which would open 1.2670, the 50% retracement of
the decline between Mar 13 - Sep 3.
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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.