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Policy
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Price Signal Summary - USDBRL Bulls Remain In The Driver's Seat
- USDMXN remains below its recent highs. The pair, earlier this month, pierced resistance at 17.3959, the Jul 7 high. A clear break of this hurdle would signal scope for a stronger recovery and open 17.5977, the Jun 5 high. The broader trend condition is bearish and moving average studies continue to highlight a downtrend. The bear trigger is 16.6262, the Jul 28 low. Initial support to watch lies at 16.9118, the Aug 10 low.
- The current USDBRL bull cycle remains in play. Price has recently cleared the 20- and 50-day EMAs and this strengthens a short-term bullish theme. A key resistance at 4.9499, the Jul 6 high has also been breached. This is seen as an important short-term breakout and opens 5.0039, the Jun 2 high. Further out, an extension higher would expose 5.1277, the May 31 high. Initial support to watch is 4.8551, the 20-day EMA. Key support has been defined at 4.6964, the Jul 28 low.
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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.