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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: PBOC Net Drains CNY345.9 Bln via OMO Friday
MNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
MNI BRIEF: Japan Oct Core CPI Rises 2.3%, Services Rise
(Z17) 55-DMA Resistance........>
AUSSIE 10-YEAR TECHS: (Z17) 55-DMA Resistance Remains Key
*RES 4: 97.3153 - 200-DMA
*RES 3: 97.2639 - 55-DMA
*RES 2: 97.2500 - High Oct 18
*RES 1: 97.2400 - Hourly support Oct 18 now resistance
*PRICE: 97.1950 @ 2030GMT
*SUP 1: 97.1850 - Alternating Hourly support/resistance
*SUP 2: 97.1650 - Hourly support Oct 23
*SUP 3: 97.1450 - Hourly support Oct 12, Low Oct 23
*SUP 4: 97.1100 - Low Oct 6
*COMMENTARY: Bears have failed to capitalise on the sell-off to start the new
week with the bounce from below the 21-DMA (97.1724) less than ideal. The 55-DMA
is now key resistance with bulls needing a close above to shift focus to
97.3154-3380 where the 100-DMA and bear channel top are situated. Support layers
are building with bears now needing a close below 97.1450 to confirm focus on
97.0600-0900. Daily studies are well placed for further downside.
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.