MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

MNI: US OCT INDUSTRIAL PROD -0.3%; CAP UTIL 77.1%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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

Price Signal Summary - USDCLP Key Short-Term Support Has Been pierced

LATAM FX
  • A bullish theme in {MX} USDMXN remains intact following recent gains. Price has traded through the 20.00 handle, a clear break of this level would pave the way for an extension towards 20.7642, the 76.4% retracement of the bear leg between Nov ‘21 and Apr this year. Support to watch lies at 18.6828, the 20-day EMA. The latest pullback is considered corrective. The 50-day EMA, lies at 18.2372. A clear break of the 50-day average would undermine the bullish theme.
  • Bullish conditions in {BZ} USDBRL remain intact and the latest pullback is considered corrective. Recent gains resulted in a breach of key resistance at 5.7008, the Jul 2 high. The break confirmed a resumption of the uptrend and opens 5.8981, the 1.764 projection of the Dec 27 ‘23 - Apr 16 - May 3 price swing. On the downside, initial support lies at 5.4933, the 50-day EMA. It has been pierced, a clear break would undermine a bull theme and signal potential for a deeper retracement towards 5.3709, the Jul 11 low.
  • {CL} USDCLP attention is on key short-term resistance and a bull trigger at 956.73, the Jun 27 high. It has recently been breached, a clear break would confirm a resumption of the bull cycle and open 990.67, the Feb 26 high. The pair has pulled back from its Aug 5 high of 966.61 . The move - for now - appears to be a correction. However, price has pierced a key support at 929.78, the Aug 1 low. A clear break of this level would signal scope for a deeper retracement towards 902.00, the Jul 11 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.