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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z9) Flies on dour data *RES...>
US 10YR FUTURE TECHS: (Z9) Flies on dour data
*RES 3: 133-20+ 2.0% 10-dma envelope
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 132-16 3% Upper Bollinger Band
*PRICE: 132-12 @ 16:23 BST, Sep 3
*SUP 1: 129-12 Low Aug 8
*SUP 2: 128-28 50-dma
*SUP 3: 128-14+ Low Aug 2
After bullish fatigue looked to be setting in over the past two weeks or so,
markets got the catalyst they needed with a dismal ISM manufacturing number,
which sent 10yr Treasuries to their highest level since 2016, hitting 132-13.
This keeps a renewed leg higher toward the 133-00 level on the cards in the
medium term, with vol resistance sitting ahead at 132-16 and 133. To the
downside, a break below 130-16 here would be needed to shift the outlook
resolutely more bearish, which would open early August lows at 129-12 and the
50-/100-dmas.
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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.