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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 US OPEN - RBA Holds, Communication Turns Slightly Dovish
MNI China Daily Summary: Tuesday, December 10
US 10YR FUTURE TECHS: (U4) Bull Cycle Remains In Play
- RES 4: 113-15 1.0% 10-dma envelope
- RES 3: 113-02 1.764 proj of the Apr 25 - May 16 - 29 price swing
- RES 2: 113-00 Psychological round number
- RES 1: 112-26 High Aug 1
- PRICE: 112-21 @ 16:25 BST Aug 1
- SUP 1: 111-15 High Jul 17
- SUP 2: 110-30+/110-15 20- and 50-day EMA values
- SUP 3: 109-17+ Low Jul 5
- SUP 4: 109-02+ Trendline drawn from the Apr 25 low
Treasuries rallied further Thursday, touching a high of 112-26. The extension higher this week reinforces the current bullish theme. Moving average studies are in a bull-mode position too and the recent breach of 111-01, the Jun 14 high, confirmed a resumption of the uptrend that started Apr 25. Scope is seen for a climb towards 113-02, a Fibonacci projection. Support is at 111-15, the Jul 17 high, and 110-30+, the 20-day EMA.
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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.