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 - USDZAR Trend Needle Points North

EMERGING MARKETS
  • The trend outlook in USDZAR is unchanged and conditions remain bullish. The recent move down is considered corrective, however, a key support area around the 50-day EMA, at 18.9412, has been breached. The pair is trading above this average, but a clear bearish break would signal scope for a deeper retracement and expose 18.3805, the Aug 24 low. Key resistance and the bull trigger is at 19.6399, the Oct 6 high.
  • The path of least resistance in USDTRY is unchanged and remains up. 25.2874, the Aug 24 low, has been defined as the key short-term support where a break is required to signal scope for a deeper pullback. Initial support lies at 27.7325, the 20-day EMA. The 28.00 handle has been breached, this opens the 29.00 handle.
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