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 China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

CEEMEA FX Price Signal Summary -Bear Trigger In EURPLN Remains Exposed

EMERGING MARKETS
  • Trend conditions in EURHUF remain bullish and yesterday’s move higher has reinforced this theme. The cross breached resistance at 381.95, the Jul 20 high. This confirms a resumption of the bull cycle that started on Jul 17. A continuation higher would signal scope for a test of key resistance at 389.26. On the downside, weakness through 371.74, the Jul 17 low, would instead expose key support at 367.59, the Jun 12 low. Initial support lies at 377.19, the Jul 26 low. Today’s move lower is considered corrective.
  • EURPLN trend conditions remain bearish. The cross has recently pierced resistance at 4.4769, the 50-day EMA. A clear break of this average would signal scope for a stronger short-term recovery and open 4.5480, the Jun 1 high. The cross has traded lower this week. The bear trigger lies at 4.4138, the Jul 4 low. Clearance of this level would confirm a resumption of the downtrend and open the 4.40 handle ahead of 4.3822, the Aug 28 2020 low.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.