Free Trial

Testing 128 Soft PMI readings........>

EURO-YEN TECHS
EURO-YEN TECHS: Testing 128
Soft PMI readings across Europe further pressured the euro back under 129 to
extended pullback lows of 128.12. The short-term outlook remains neutral with
bears looking to close the week below uptrend support at 127.88 to regain
control. Bulls need to clear broken trendline resistance & 100-dma at 129.00/21
to build on recent momentum, opening the Nov 9 high & 200-dma at 129.65/71.

To read the full story

Close

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.