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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 UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
Weekly Bear Channel Top.........>
EURO-STERLING TECHS: Weekly Bear Channel Top Capping
*RES 4: Gbp0.8858 55-WMA
*RES 3: Gbp0.8835 200-DMA
*RES 2: Gbp0.8810 Weekly Bear channel top off 2017 High
*RES 1: Gbp0.8787 100-DMA
*PRICE: Gbp0.8780 @ 0430GMT
*SUP 1: Gbp0.8720 Low June 6
*SUP 2: Gbp0.8694 Hourly support May 30
*SUP 3: Gbp0.8678 Low Apr 26
*SUP 4: Gbp0.8664 Hourly breakout level Apr 18
*COMMENTARY: Follow through on pops above the 100-DMA remains lacking with the
pair remaining capped around the weekly bear channel top (Gbp0.8810) off 2017
highs. Bulls need a close above the 55-WMA to confirm a break of the channel top
and to shift initial focus back to 2018 highs. Bears continue to look for a
close below Gbp0.8694 to confirm a return in focus to tests of 2018 lows and
then Gbp0.8531 below.
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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.