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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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Free AccessMNI Eurozone Inflation Preview - November 2024
MNI POLITICAL RISK - Trump Initiates Tariff Negotiations
MNI US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
(Z18) Going Nowhere *RES 3: 152.43 -......>
JGB TECHS: (Z18) Going Nowhere
*RES 3: 152.43 - High Sep 28 2016
*RES 2: 152.20 - 61.8% 154.00-149.28
*RES 1: 152.04 - High Nov 9 2016
*PRICE: 151.63 @ 16:11 GMT, Dec 7
*SUP 1: 150.47/33 - 100-/50-DMA
*SUP 2: 149.75 - Spike Low Aug 2
*SUP 3: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
Prices retreated for a second day after touching 151.82, but it's certainly too
soon to call an end to the current strong run for bulls. It may now be prudent
to watch the 200- and 50-dmas for the formation of a golden cross to signal the
next buying opportunity. At writing, the 50-dma lies just 1 tick shy of the
200-dma. Other technical indicators continue to point higher, with the
longer-term targets holding in the mid-152s. Key support next kicks in at the
200- and 100-dmas at 150.69 and 150.52.
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.