CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Price Signal Summary - EURUSD Fails To Clear Key Short-Term Resistance

EURUSD TECHS
  • In FX, EURUSD is trading lower today. The pair has so far failed to clear resistance at 1.0094, the Oct 27 high. This is a key short-term hurdle where a break would strengthen bullish conditions and open 1.0198, the Sep 12 high. Initial support to watch is at 0.9926, the 50-day EMA. A break would expose 0.9730, the Nov 3 low.
  • Recent price action in GBPUSD highlights two important short-term directional triggers. Resistance is at 1.1645, the Oct 27 high and is seen as a bull trigger while 1.1150, the Nov 4 low, marks the key short-term support. A break of 1.1150 would reinstate a bearish theme. The outlook is bullish and a breach of 1.1645 would reinforce this theme. This would open 1.1799, 0.764 projection of the Sep 26 - Oct 5 - 12 price swing.
  • USDJPY still appears vulnerable and continues to trade below resistance at 149.71, the Oct 24 high. Attention is on the 50-day EMA at 144.91 - a key support. Clearance of this EMA would signal scope for a deeper pullback. On the upside, a break of 149.71 would be seen as a bullish development and this would expose the bull trigger at 151.95, Oct 21 high.
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange 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.