MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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CEEMEA FX Price Signal Summary - EURPLN Bear Threat Remains Present

EMERGING MARKETS
  • EURHUF has failed to hold on to its recent gains and the cross is trading closer to the recent bear cycle low of 388.82, the Jul 22 low. Clearance of this level would highlight a resumption of the bear leg that started Jun 14, and open 386.53, 76.4% of the May 28 - Jun 14 rally. Initial firm short-term resistance has been defined at 394.69, the Jul 25 high. A break would be a bullish development.
  • EURPLN traded sharply higher on Jul 16 and this has resulted in a breach of the 20- and 50-day EMAs. For now, short-term gains appear to have been a correction. Key support and the bear trigger has been defined at 4.2471, the May 28 and Jul 15 low. A clear break of this level would resume the recent bear cycle. For bulls, initial resistance is at 4.3044, the Jul 25 high. Key short-term resistance has been defined at 4.3321, the Jul 2 high.
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