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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: BOJ Tankan: Key Sentiment Rises, Solid Capex Plans
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MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Unchanged For The Week, But Technicals Still Appear Positive
Gold has been range bound so far today, currently close to $1793.5, slightly higher for the session. This comes after yesterday's -1.2% drop. At this stage, gold is tracking close to unchanged for the past week.
- Better US data, coupled with a rebound in yields, has crimped the precious metals move above $1800, at least for now. Recent highs remain capped just above $1820.
- On the downside, the 20-day EMA at $1784.74 looks to be a support point and is trending higher, which is a positive from a technical standpoint. The simple 200-day is also near by at $1783.8.
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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.