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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(U3) Corrective Bounce Extends
- RES 4: 113-13+ 50-day EMA
- RES 3: 112-17+ High Jul 3
- RES 2: 112-12+ Low Jun 14 and key short-term resistance
- RES 1: 112-10+ High Jul 12
- PRICE: 112-09 @ 17:12 BST Jul 12
- SUP 1: 110-05 Low Jul 6 and the bear trigger
- SUP 2: 110-00 Low Nov 9 2022 (cont)
- SUP 3: 109-14 Low Nov 8 2022 (cont)
- SUP 4: 109-10+ Low Nov 4 2022 (cont)
Treasury futures continue to trade above last week’s low of 110-05 (Jun 6) and a corrective cycle remains in play. The trend outlook is bearish despite the Wednesday rally and the break lower last week confirmed a resumption of the downtrend. Note that moving average studies are in a bear mode position, highlighting current conditions. The focus is on the 110-00 handle next. Initial firm resistance is seen at 112-12+, the Jun 14 low.
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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.