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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
- The charts belows indicate how the renewed 5% surge in Copper futures has aligned with a potential daily trendline break in USDCLP around 705.50.
- The first chart shows an inverted USDCLP chart against Copper Futures (HGA) that suggests the Peso strength may have room to extend should the previously mentioned conditions remain favourable.
- The bottom chart indicates the break level in USDCLP, intersecting around 705.50.
- Targets dating back to early 2019 and 2018 around 675 and 650 match closely with the 6 and 12 month upgraded forecasts noted by Goldman Sachs earlier this week.
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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