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

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% 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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Pierces Key Resistance

EURJPY TECHS
  • RES 4: 161.52 2.618 proj of the May 11 - 29 - 31 price swing
  • RES 3: 160.94 2.50 proj of the May 11 - 29 - 31 price swing
  • RES 2: 160.36 2.382 proj of the May 11 - 29 - 31 price swing
  • RES 1: 160.00 Psychological handle
  • PRICE: 158.80 @ 16:18 BST Oct 24
  • SUP 1: 158.03 20-day EMA
  • SUP 2: 156.98 Low Oct 16
  • SUP 3: 155.83 Low Oct 4
  • SUP 4: 154.46 Oct 3 and the bear trigger

EURJPY started the week on a bullish note and traded higher Monday. This has resulted in a print above key resistance at 159.76, the Aug 30 high and a bull trigger. A clear break of this hurdle would confirm a resumption of the uptrend and pave the way for a climb towards 160.36, a Fibonacci projection. Initial firm support to watch lies at 158.03, the 20-day EMA. Key support is far off at 154.46, the Oct 3 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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