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 MBA: MARKET COMPOSITE +5.4% SA THRU DEC 06 WK

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

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

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 - EURPLN Trend Outlook Remains Bearish

EMERGING MARKETS
  • EURHUF has recovered from its recent lows. Despite this bounce, the trend condition remains bearish and short-term gains are considered corrective. The cross traded to a fresh cycle low last week and pierced 368.05, the May 16 low and bear trigger. A clear break of this level would confirm a resumption of the downtrend and open 366.41, the Mar 30 2022 low and the 360.00 handle further out. Resistance to watch is at 373.55, the 50-day EMA. A clear break of the average would expose 380.29, the Apr 20 high and a key resistance.
  • EURPLN trend conditions remain bearish and the cross traded to a fresh cycle low on Monday. This once again confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. A continuation would open the 4.40 handle next. The 50-day EMA intersects at 4.5500. A break of this average would alter the picture.
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.