December 24, 2024 11:35 GMT
CHILE: November PPI Inflation Due At 1200GMT
CHILE
- PPI inflation figures for November will be published at 1200GMT(0700ET). There is no consensus, but in October prices rose by 3.2% m/m, following a 1.2% m/m gain in September. After this, the next data in the calendar are November unemployment figures on Dec 30, followed by month-end activity figures for November on Dec 31, which will include industrial production, retail sales and copper production.
- For USDCLP, a bull cycle in remains in play, with the pair clearing resistance at 987.92, the Nov 12 high, to confirm a resumption of the uptrend. Note too that 990.67, the Feb 26 high, has been breached. This opens the psychological 1000.00 handle. A break of this level would open 1010.00, the 1.00 projection of the Nov 7 - 12 - Dec 6 price swing. Firm support is at 969.52, the 50-day EMA.
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