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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z18) 21-DMA Caps Topside......>
US 10YR FUTURE TECHS: (Z18) 21-DMA Caps Topside
*RES 4: 120-18 Descending trendline (off May and Aug highs)
*RES 3: 119-19 100-dma
*RES 2: 119-00 Sep 28 high
*RES 1: 118-16 Low Oct 1, down trendline resistance
*PRICE: 118-03 @ 09:26 GMT, Oct 16
*SUP 1: 117-13+ Low Oct 8
*SUP 2: 116-30 Bear channel bottom (continuation chart)
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
*SUP 4: 115-46 61.8% Retracement of 103-20+ to 135-29
Recovery efforts have so far failed to gain traction with the 21-dma continuing
to cap topside gains. The broader downtrend remains intact with bears looking to
return to the Oct 8 low at 117-13+, below which the bear channel bottom at
116-30 comes into play. Bulls need a break of the 21-dma, now at 118-13, to
shift the short-term outlook more positive, opening the Sep 28 high at 119-00.
Above here would mark a significant improvement in the longer-term outlook.
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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.