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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: RBA Details Hypothetical Monetary Policy Paths
MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday
Under Pressure Once Again
- RES 4: 0.9265 High Sep 14
- RES 3: 0.9230/54 High Dec 11 / 2.0% 10-dma envelope
- RES 2: 0.9218 High Dec 21
- RES 1: 0.9112 Intraday high
- PRICE: 0.9020 @ 14:32 GMT Dec 23
- SUP 1: 0.8986/83 1.0% 10-dma env / Low Dec 4 / 17 and key support
- SUP 2: 0.8952 76.4% retracement of the Nov 23 - Dec 11 rally
- SUP 3: 0.8929 Low Dec 1
- SUP 4: 0.8867 Low Nov 23 and a key support
EURGBP has reacted to the latest Brexit headlines and Sterling is benefitting. The cross is trading sharply lower and approaching 0.9000 and the key support at 0.8983, Dec 4 / 7 low. A break of this level is required to highlight a more significant reversal on the chart and would open 0.8952, a retracement level ahead of 0.8929, Dec 1 low. Initial resistance is today's intraday high of 0.9112.
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.