MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

$1.2918-$1.2939 Still The Bar To........>

CABLE TECHS
CABLE TECHS: $1.2918-$1.2939 Still The Bar To Better Recovery Prospects
*RES 4: $1.2991 Hourly recovery high Aug 14
*RES 3: $1.2939 Aug 11 low, now resistance
*RES 2: $1.2918 Aug 18 high
*RES 1: $1.2885/95 Hourly resistance
*PRICE: $1.2870 @0909GMT
*SUP 1: $1.2831/40 Aug 18 low, hourly support
*SUP 2: $1.2802/12 1% volatility band, Jul 12 low
*SUP 3: $1.2764 38.2% Fibo of $1.1947-$1.3269
*SUP 4: $1.2749 76.4% Fibo of $1.2589-$1.3269
*COMMENTARY* The support area between $1.2831-$1.2840 is still proving difficult
to leave behind. This survived another test on Friday and has been followed by a
small bounce. That said, will need to recover $1.2918-$1.2939 before the near
term impetus for a better $1.2991-$1.3032 recovery will appear. Failure to
navigate $1.2939 will eventually see pressure return to the downside, below
$1.2831 and $1.2802-12 is then the protection to a deeper $1.2764-$1.2749 fall.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

To read the full story

Close

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.