MNI: Japan Govt Keeps Economic Assessment, Ups Imports

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary - EURUSD Bull Cycle Remains In Play

OUTLOOK
  • In FX, EURUSD a bullish tone despite the recent pullback. Price has breached resistance at 1.0930, the Mar 23 high. This level marked a key short-term hurdle for bulls and the clear break reinstates the recent bull theme and signals scope for 1.1033, the Feb 2 high. On the downside, initial support to watch lies at 1.0825, the 20-day EMA.
  • GBPUSD maintains a bullish tone and the recent move lower is considered corrective. The pair has breached 1.2448, Jan 23 high and the top of a broad range that started Dec 14 2022. This marks an important medium-term development signalling the next stage of the uptrend that started Sep 26 last year. The focus is on 1.2599, the Jun 7 2022 high. The bull trigger is 1.2525, Apr 4 high. Support is at 1.2314, 20-day EMA.
  • The trend direction in USDJPY remains down and recent short-term gains are considered corrective, despite Monday’s strong rally. However, attention is on resistance at 133.87, yesterday’s high. A break of this level would strengthen a short-term bullish theme and highlight a clear breach of the 50-day EMA. This would open 134.75, 61.8% of the Mar 8 - 24 bear leg. On the downside, a reversal lower would signal scope for a return to 130.64, the Apr 5 low.
Foreign Exchange BulletsForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
Foreign Exchange BulletsForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

To read the full story

Close

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.