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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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MNI Research
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Free AccessWednesday's break below technical support.....>
CABLE: Wednesday's break below technical support at $1.2248 exposed the Apr7 low
of $1.2166 which was duly tested in early NY as risk was dealt another blow by
the release of higher than expected US Weekly Jobless Claims. Rate managed to
pare losses, traded back to $1.2219 before momentum faltered. Rate then eased
off to $1.2179 through the 1600BST fix before recovering to $1.2210 at the
Europe close. Risk remains a key driver, US Trump considering further punitive
action vs China due to COVID-19 has added further negative weight on stock
markets. Cable support now seen at $1.2180, stronger into $1.2166. A break here
to open a deeper move toward $1.2135/30 ahead of $1.2100. Resistance $1.2220/30,
stronger into $1.2250.
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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.