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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.
EUR
EUR sees better selling interest in early European trading, and the currency trades in the red against all G10s, besides the NOK which sits flat on the session.
- USD is underpinned, a continuation from the overnight session, helped by higher US yields.
- Worth keeping an eye on the EUR, and next initial MNI tech support seen at 1.2096 50-day EMA.
- A clear break through the latter would open to 1.2052 Low May 13 and key short-term support.
- But also worth noting 1.2049 (38.2% retrace of the March-May rally).
- This should be seen as initial decent area of interest
Chart source: Bloomberg
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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