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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 BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM
MNI BRIEF: SNB Cuts Policy Rate By 50 BP To 0.5%
MNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
Under Pressure Ahead Of Key..........>
EURO-YEN TECHS: Under Pressure Ahead Of Key Support
*RES 4: 118.04 50-day EMA
*RES 3: 117.78 High Apr 30 and bull trigger
*RES 2: 117.31 High May 4
*RES 1: 116.57 Intraday high
*PRICE: 115.79 @ 10:37 BST May 5
*SUP 1: 115.45 Low Apr 29 and key support
*SUP 2: 115.37 0.765 projection of Mar 25 - Apr 2 decline from Apr 7 high
*SUP 3: 115.00 Round number support
*SUP 4: 114.85 Low Apr 17, 2017
EURJPY is extending this week's sell-off as the Euro goes offered. The cross has
cleared an important intraday retracement level at 116.34, 61.8% of the Apr 29 -
30 rally. Furthermore, the move below 116.00 is important in that it essentially
negates that sharp rally on Apr 30. The key support coming up is at 115.45, Apr
29 low. A break would confirm a resumption of the broader downtrend and open
115.37, a Fibonacci projection and 115.00. Resistance is at 116.57.
To read the full story
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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.