-
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
Commodities
Real-time insight of oil & gas markets
-
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 Chart Packs -
About Us
To read the full story
Close
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.
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 AccessTrending Top 5
Market News Topics
November 19, 2021 10:59 GMT
Price Signal Summary - EURCHF Cracks Key Pivot Point
MARKET INSIGHT
- In the equity space, S&P E-minis have today delivered another all-time high - 4723.50 - but the contract has also faced some resistance. From a trend perspective, the outlook remains bullish and any short-term pullback is likely corrective in nature. Bulls eye, 4746.68 next, the 1.618 projection of Jul 19 - Aug 16 - Aug 19 price swing. Watch support at 4625.25, the Nov 10 low. EUROSTOXX 50 futures uptrend remains intact however, the contract is facing selling pressure this morning. Dips are considered corrective and the support to watch is 4307.10, the 20-day EMA. A resumption of gains would refocus attention on 4420.80, 1.382 projection of the Jul 19 - Sep 6 - Oct 6 price swing.
- In FX, EURUSD remains in a downtrend. The pair has this week traded below 1.1300, the base of a bear channel drawn from the Jun 1 high. A clear break lower and continued bearish follow through would open 1.1222, 1.618 projection of the Jan 6 - Mar 31 - May 25 price swing. The recent break in GBPUSD of 1.3412, Sep 29 low, opens 1.3334 next, 1.00 projection of the Sep 14 - 29 - Oct 20 price swing. Recent gains are considered corrective, initial resistance is at 1.3542, the 20-day EMA. USDJPY has breached resistance at 114.70, the Oct 20 high. The break higher confirms a resumption of the underlying uptrend and opens 115.51 next, the Mar 10, 2017 high. A concern for bulls is Wednesday's bearish engulfing candle. A deeper pullback would expose key support at 112.73, Sep 9 low. EURJPY is under pressure and the cross has resumed its slide. The sharp move lower has exposed 128.33, Oct 6 low and the key support at 127.93, Sep 22 low. EURCHF has cleared 1.0505, the May 14, 2020 low. The break (potentially) exposes 1.0397 next, the Jul 15, 2015 low.
- On the commodity front, Gold is consolidating but remains bullish. Attention is on $1877.7, Jun 14 high and $1903.8, Jun 8 high. WTI has traded through key short-term support at $77.23, Nov 4 low. The break suggests scope for a deeper corrective pullback towards $75.02 next, 38.2% retracement of the Aug 23 - Oct 25 rally .
- In the FI space, Bund futures have rallied sharply as bullish conditions are reinforced further. Today's breach of 171.95 - the 76.4% retracement of the Aug - Nov sell-off opens 172.48 next, Sep 9 high. Gilts also maintain a firmer tone and the recent pullback is considered corrective. The resumption of strength suggests potential for a climb towards 127.69 next, Sep 21 high. Initial support has been defined at 125.40, Nov 17 low.
To read the full story
Close
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.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok