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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) Building A Base At.......>
AUSSIE 10-YEAR TECHS: (Z18) Building A Base At 97.1950
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4069 - Short-term uptrend beginning Aug 13
*PRICE: 97.2650 @ 15:23 GMT, Oct 12
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Prices Friday remained anchored by the 50% retracement of the Oct3-Oct10
decline, preventing bulls from having another go at challenging the week's best
levels. The recovery topped out at 97.2850, marking the high watermark for bulls
to target, who will have taken confidence from the contract's ability to hold
above the recent 97.195 low. It's too soon to call for a bullish breakout, with
the medium-term trend still tilted bearish. This leaves the next key support
levels at the early June lows of 97.145. A break below there could open a move
toward the 97.050 printed in May.
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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.