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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.
CHILE
- Chile: USDCLP extends yesterday’s significant move lower, dropping 0.95% since the open. Previously noted, the downtrend had been highlighted by a bearish moving average condition that suggested recent gains were corrective. A return lower and a break to fresh cycle lows would confirm a resumption of the downtrend and open 788.22, the Nov 10 low ahead of 783.23, the 50.0% retracement of the May - Dec 2021 upleg.
- A couple reports overnight on copper worth highlighting:
- Citigroup Inc. boosts three-month copper target to $11,000/ton from $8,800 on China easing, decarbonization, supply challenges.
- Copper Stockpiles at ‘Alarming Levels’ After Declines, ANZ Says
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.
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