-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Focus on November Jobs Ahead Fed Blackout
MNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
MNI US Morning FX Technical Analysis
27 December 2017
By Kyle Shortland
Click below for today's MNI US Morning FX Technical Analysis Report -
http://tinyurl.com/jz5y37x
EURO-DOLLAR TECHS: Bears Need Close Below 100-DMA
*RES 4: $1.1961 High Nov 27
*RES 3: $1.1940 High Dec 1
*RES 2: $1.1915 Daily Bear channel top
*RES 1: $1.1901 High Dec 20
*PRICE: $1.1889 @ 1030GMT
*SUP 1: $1.1807 100-DMA
*SUP 2: $1.1775 Low Dec 19
*SUP 3: $1.1713 Low Nov 21
*SUP 4: $1.1690 High Nov 3 now support
*COMMENTARY: Hesitation ahead of the $1.1901-61 resistance region is less than
ideal for bulls who look for a close above $1.1961 to confirm focus on tests of
2017 highs. Bulls take comfort in support emerging on dips with bears needing a
close below the 100-DMA to confirm pressure back on $1.1690. A close below
$1.1690 remains needed to shift focus to $1.1472-1.1552 where the 200-DMA
($1.1482) and Nov low are situated.
CABLE TECHS: Bullish Confidence Growing
*RES 4: $1.3549 High Nov 30
*RES 3: $1.3519 High Dec 8
*RES 2: $1.3462 High Dec 14
*RES 1: $1.3418 High Dec 18
*PRICE: $1.3407 @ 1030GMT
*SUP 1: $1.3368 Hourly support Dec 27
*SUP 2: $1.3329 Low Dec 21
*SUP 3: $1.3300 Low Dec 15
*SUP 4: $1.3280 55-DMA
*COMMENTARY: The recovery from around $1.3300 has received a boost with the pair
flirting with the 21-DMA ($1.3402) and looking for a close above to ease bearish
pressure and shift initial focus to $1.3462 and overall focus back to $1.3549.
Bears need a close below $1.3300 to pressure $1.3207-80 where 55 & 100-DMAs and
the bull channel base are noted. Below the 100-DMA is needed to shift focus to
$1.2992-1.3037.
DOLLAR-YEN TECHS: 55-DMA Remains Key Support
*RES 4: Y114.61 LT TL off 2015 High
*RES 3: Y114.07 High Nov 9
*RES 2: Y113.74 High Dec 12
*RES 1: Y113.44 High Dec 22
*PRICE: Y113.21 @ 1030GMT
*SUP 1: Y113.08 High Dec 19 now support
*SUP 2: Y112.92 55-DMA
*SUP 3: Y112.86 21-DMA
*SUP 4: Y111.98 Low Dec 6
*COMMENTARY: Follow through was lacking on dips last week closes above the
55-DMA seeing bulls initially focused on Y113.74-114.07. Bulls look for a close
above Y114.72 to target Y115.62 and then Y118.60 2017 highs. Bears still need a
close below the 55-DMA to ease bullish pressure and return focus to
Y110.83-111.98 where monthly lows, 100 & 200-DMAs are noted. Bears look for a
close below Y110.83 to target 2017 lows (Y107.31)
EURO-YEN TECHS: Y133.88 Support Remains Key
*RES 4: Y139.02 Monthly High Aug 2015
*RES 3: Y136.40 High Oct 21 2015
*RES 2: Y135.84 Low Oct 21 2015 now resistance
*RES 1: Y134.88 2017 High Dec 21
*PRICE: Y134.60 @ 1030GMT
*SUP 1: Y134.28 Hourly support Dec 27
*SUP 2: Y133.88 Hourly support Dec 20
*SUP 3: Y133.60 Hourly support Dec 19
*SUP 4: Y133.11 Alternating hourly support/resistance
*COMMENTARY: Recent fresh 2017 & 2+ year highs opened up for a potential move
targeting monthly highs Y139.02-141.05. The Bolli top (Y135.01) is the key
concern for bulls. Layers of support followed the pair higher with bears needing
a close below Y133.88 to ease bullish pressure and shift focus back to the key
Y130.59-132.61 support region where the 100-DMA and bull channel base are noted.
Immediate bullish focus is on Y135.84-136.40 while Y133.88 supports.
EURO-STERLING TECHS: Bears Need Close Below Gbp0.8826
*RES 4: Gbp0.8981 High Nov 28
*RES 3: Gbp0.8932 100-DMA
*RES 2: Gbp0.8922 Low Nov 27 now resistance
*RES 1: Gbp0.8892 High Dec 26
*PRICE: Gbp0.8865 @ 1030GMT
*SUP 1: Gbp0.8826 Low Dec 20
*SUP 2: Gbp0.8780 Hourly support Dec 15
*SUP 3: Gbp0.8759 Lows Dec 14 & 15
*SUP 4: Gbp0.8736 Hourly resistance Dec 8 now support
*COMMENTARY: The pops above the bear channel top (Gbp0.8855) have lacked follow
through which is a concern for bulls who are currently focused on Gbp0.8922-81
where the 100-DMA is found. Bulls need a close above Gbp0.8981 to shift initial
focus to Gbp0.9048-0.9107. Layers of support remain with bears continuing to
look for a close below Gbp0.8826 to shift initial focus back to
Gbp0.8690-0.8759.
SPOT GOLD TECHS: Closes Above Channel Top
*RES 4: $1306.1 - Monthly High Oct 16
*RES 3: $1299.1 - Monthly High Nov 27
*RES 2: $1289.5 - Monthly High Dec 1
*RES 1: $1286.6 - 100-DMA
*PRICE: $1285.1 @ 1030GMT
*SUP 1: $1272.8 - Hourly support Dec 26
*SUP 2: $1265.5 - 21-DMA
*SUP 3: $1259.2 - Low Dec 19
*SUP 4: $1256.5 - Hourly support Dec 18
*COMMENTARY: The recovery from Dec lows has resulted in closes above the 55-DMA
($1275.8) and bear channel top ($1276.7) with immediate focus on $1289.5 today.
Bulls look for a close above this level to hint at a move back to the
$1306.0-1320.0 region. Daily studies have a little room to move before O/B
becomes an issue. Bears now need a close below $1272.8 to ease bullish pressure
and below $1259.2 to shift focus back to $1235.9.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.