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

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% 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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EURJPY TECHS: 170 Snaps, Opening Potential for Further Weakness

EURJPY TECHS
  • RES 4: 176.03 1.618 proj of the May 3 - 15 - 16 price swing
  • RES 3: 175.43 High Jul 11 and the bull trigger 
  • RES 2: 173.92 61.8% retracement of the Jul 11 - 12 sell-off  
  • RES 1: 172.92 High Jul 16 
  • PRICE: 167.72 @ 08:33 BST Jul 24
  • SUP 1: 167.53 Low Jun 14
  • SUP 2: 167.44 Low Jul 24
  • SUP 3: 166.84 3.0% Lower Bollinger Band
  • SUP 4: 165.96 3.0% 10-dma envelope

The sharp sell-off in EURJPY persists, with the snap of the 170.00 mark opening the next leg lower in the cross. The clear break of this line highlights potential for a stronger reversal. This initially targets 166.84 and 165.96 - both vol-band based support. Key resistance is 175.43, the Jun 11 high. Initial resistance is at 172.92, the Jul 16 high.

Foreign Exchange Technical AnalysisAPACJapanCEEMEABulletGlobalForeign Exchange BulletsRegion

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