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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Unable As Yet To Challenge......>
EURO-STERLING TECHS: Unable As Yet To Challenge Stg0.8980-Stg0.8994 Resistance
*RES 4: Stg0.9032 Oct 12 high
*RES 3: Stg0.9014/22 1% volatility band, Oct 20 high
*RES 2: Stg0.8994 Hourly high Oct 20
*RES 1: Stg0.8976/80 Oct 24 high, hourly recovery high Oct 20
*PRICE: Stg0.8933 @0911GMT
*SUP 1: Stg0.8820 Hourly support
*SUP 2: Stg0.8908 Initial recovery high Oct 23, now support
*SUP 3: Stg0.8886/97 Oct 23, Oct 18 lows
*SUP 4: Stg0.8855/56 61.8% Stg0.8746-Stg0.9032, Oct 16 low
*COMMENTARY* Still unable as yet to find the strength for a return to the recent
Stg0.9022-Stg0.9032 highs. The recovery faltered at the earlier Stg0.8976 level
on Tuesday, keeping us also below the upper 1% volatility band at Stg0.9014 by
time today. The subsequent setback is likely to find support from between
Stg0.8920-Stg0.8908. The latter should hold now, or near term risk reverts to
the downside and then Stg0.8886-Stg0.8855 protect Stg0.8831.
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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.