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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
- A very weak start on Thursday for Chilean asset prices as both the currency and the local equity indices continue their decline following the surge higher on Monday.
- 829.90 in USDCLP represents Friday's closing price and would need to trade for the gap to be filled. With directional triggers well defined a breach of resistance at 842.25 would be needed to confirm a resumption of bullish conditions, opening 850.00 and further out 878.86, the Mar 19, 2020 high.
- Another 1% fall for the IPSA index adds to the over 5% decline from Monday's peak.
- Despite the powerful price action to start the week, political uncertainties relating to the ongoing constitutional re-write may be giving investors reason to remain cautious.
- No further data is due this week, however a slew of releases are scheduled for the middle of next week, including October economic activity. The next BCCh meeting is due December 14.
MNI/Bloomberg
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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