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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
MNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
(U3) Further Slippage Could Confirm Reversal
- RES 4: 114-06+ High Jun 6
- RES 3: 114-00 High Jun 13
- RES 2: 113-08 High Jul 18
- RES 1: 113-07+ 50-day EMA and a key resistance point
- PRICE: 112-04 @ 10:36 BST Jul 21
- SUP 1: 112-00 Low Jul 20
- SUP 2: 111-03+/110-05 Low Jul 11 / 6 and the bear trigger
- SUP 3: 110-00 Low Nov 9 2022 (cont)
- SUP 4: 109-14 Low Nov 8 2022 (cont)
Prices turned lower Thursday, erasing the entirety of the mid-week rally and showing through the first notable retracement support at 112-16+. The pullback concludes the run higher off the July low, however may be corrective at these levels, rather than a full reversal. This raises the importance of 111-22+ on an intraday basis. A close below here would signal scope for further losses toward 111-09+ (CPI day low) and the bear trigger further out at 110-05. The key resistance area remains 113-07+ to 113-15, the 50-day EMA and 50-dma respectively.
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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.