MNI: BLS: NET PAYROLLS REVISIONS FOR JUNE, MAY -29,000

MNI China Daily Summary: Friday, August 2

MNI China Press Digest Aug 2: Hukou, Property, State Grid

MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

CHINA PBOC CONDUCTS CNY1.17 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1376 FRI VS 7.1323

Headline Employment Report Data Much Weaker Than Expected

Unrounded Unemployment Rate - Jul'24

AHE Unrounded - Jul'24:

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

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

Price Signal Summary: USDCLP Is Off To The Races

LATAM FX
  • USDMXN short-term conditions remain bullish and the pair has traded higher today. The latest gains highlight a clear breach of resistance at 20.7014, the Jun 16 high. It is an important short-term hurdle and the break strengthens bullish conditions. This paves the way for a climb strength towards the 21.00 handle and 21.1071, the 1.00 projection of the May 30 - Jun 16 - 27 price swing. On the downside, key short-term support is seen at the 20-day EMA, at 20.2833.
  • USDBRL traded to a fresh trend high once again last week, above 5.4000. Conditions remain bullish and this is also supported by a positive set-up in moving average studies. The focus is on 5.4795 next, 76.4% of the Dec ‘21 - Apr downleg. On the downside, initial support is seen at 5.2312, the 20-day EMA.
  • USDCLP is off to the races once again and has gapped higher at the open. This marks an extension of the bull trend and maintains the current impulsive nature of the rally. The psychological 1000.00 handle has been cleared and attention turns to 1030.80, 2.236 projection of the Mar 29 - May 12 - Jun 3 price swing. Support has been defined at $942.25, the Jul 7 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.