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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.
EMERGING MARKETS
- EURPLN is consolidating following the recent selling pressure, that saw the cross retrace back to the 4.4955, 61.8% retracement of the rally between Dec 9 - 31. Support has been defined at 4.4946, Jan 7. Resistance is at 4.5391, Jan 6 high. EURHUF resistance is seen at 362.11, Jan 1 high. A break is required to signal scope for a stronger rally. Key support has been defined at the Jan 7 low of 356.53.
- USDZAR remains above the 50-day EMA. A key resistance is located at 15.9387. The top of a bear channel drawn off the Apr 24 high. While this level remains intact, current gains are considered a correction. Initial support is at 15.2116, Jan 8 low.
- USDTRY is testing its 20-day EMA. A clear breach of the average would open 7.6467, the 50-day EMA. A key pivot support has been defined at 7.2406, Jan 7 low and is close to the May 2020 high and the Aug 2013 high.
- The near-term USDRUB directional triggers have been defined at 73.0665, Jan 4 low and 75.2785, Jan 5 high.
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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