MNI BRIEF: Aussie Monthly CPI At 4%, Higher Than Expected

MNI: PBOC Net Drains CNY28 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY250 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1248 Weds; -0.56% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1248 WEDS VS 7.1225

MNI BRIEF: China To Empower AI For Economic Growth - Li Qiang

Monthly CPI Firmer In Y/Y Terms, Core Measure Mixed

Australia May CPI +4.0%; Housing Price +5.2%

MNI: AUSTRALIA MONTHLY MAY CPI 0.2% MM, 4.1% YY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Price Signal Summary - USDBRL Remains Below The 50-Day EMA

LATAM FX
  • USDMXN continues to trade just above key support at 17.8981, the Mar 9 low. The outlook remains bearish and a break of 17.8981 would reinforce bearish conditions. A break would open 17.5746, the Aug 25 2017 low. Key resistance and the bull trigger has been defined at 19.2322, Mar 20 high. Initial firm resistance is at 18.4011, the Apr 5 high.
  • Despite the recent short-term recovery, the trend outlook in USDBRL remains bearish. The pair on Apr 12 breached a key support at 4.9410, the Feb 2 low. This confirmed a resumption of the broader bear cycle that started Nov 17 last year. The move lower opens 4.8889, 76.4% of the May - Nov 2022 bull phase. A break would open 4.8478, the Jun 8 2022 low. On the upside, the next firm resistance is seen at 5.1062clpg, the 50-day EMA. A clear break would alter the picture.
  • USDCLP remains above 783.10, the Mar 31 low. A stronger resumption of gains would refocus attention on key short-term resistance at 837.15, the Mar 17 high. A break of this level would be a bullish development. On the downside, the key bear trigger lies at 776.28, the Feb 3 low.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.