MNI BRIEF: Aussie PPI Eases; Export Prices Fall

MNI BRIEF:BOJ To Hold 5-Yr Fund-Injecting Operation on Tuesday

MNI BRIEF: Japan Jan Tokyo CPI Rises 4.3%; Highest Since 1981

Robust Q4 GDP Kicks off EZ GDP Round

MNI: SPAIN Q4 FLASH GDP +0.2% Q/Q, +2.7% Y/Y

MNI: FRANCE JAN CONSUMER SENTIMENT 80

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
OUTLOOK

Price Signal Summary - Bund Futures Breach Support

LOOK AHEAD

Friday Data Calendar: Personal Income, Pending Home Sales, UofM

UK T-BILL AUCTION RESULTS

1/3/6-month UKTBs

EUROZONE T-BILL ISSUANCE

EU-bills on offer next week

DIESEL

Russia Is EU's/UK's Biggest Diesel Supplier

UK

Chancellor-No Headroom For Tax Cuts In March

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Price Signal Summary - USDCLP Remains Soft And Is Trading At Its Recent Lows

LATAM FX
EM BulletHomepagemarkets-real-timeCommoditiesBulletEmerging Markets News
  • The USDMXN outlook remains bearish following recent gains and despite the latest recovery. The pair last week cleared support at 19.7533, the Sep 12 low. The break confirmed the end of a period of consolidation that started mid-August and confirmed a resumption of the downtrend that started Jul 14. Note that moving average studies remain in a bear mode position, highlighting the current sentiment. The focus is on 19.4136, the May 30 low and 19.2802, 1.00 projection of the Jul 14 - Sep 12 - Sep 28 price swing. Key short-term resistance has been defined at 20.1759, the Oct 19 high. Initial resistance is at 19.7894, the 20-day EMA.
  • USDBRL traded sharply lower on Oct 31 and the short-term outlook remains bearish. A key short-term support at 5.1121, the Oct 4 low, has been cleared and this strengthens the current bearish threat. Attention is on support at 5.0108, the Aug 29 / 30 lows. Clearance of this level would open 4.8853, the 76.4% retracement of the May 30 - Jul 21 upleg. Initial resistance is at 5.2483, Tuesday’s high.
  • USDCLP is trading at its recent lows. The 50-day EMA has recently been breached. The break signals potential for a deeper pullback and this has exposed the 900.00 handle (pierced) and 871.94, the Sep 9 low. Key resistance is at 996.97, the Sep 26 high. Clearance of this level would be bullish and open 1000.00 and 1061.00 further out, the Jul 14 high. Initial resistance is at 958.44, the Nov 3 high.
251 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • The USDMXN outlook remains bearish following recent gains and despite the latest recovery. The pair last week cleared support at 19.7533, the Sep 12 low. The break confirmed the end of a period of consolidation that started mid-August and confirmed a resumption of the downtrend that started Jul 14. Note that moving average studies remain in a bear mode position, highlighting the current sentiment. The focus is on 19.4136, the May 30 low and 19.2802, 1.00 projection of the Jul 14 - Sep 12 - Sep 28 price swing. Key short-term resistance has been defined at 20.1759, the Oct 19 high. Initial resistance is at 19.7894, the 20-day EMA.
  • USDBRL traded sharply lower on Oct 31 and the short-term outlook remains bearish. A key short-term support at 5.1121, the Oct 4 low, has been cleared and this strengthens the current bearish threat. Attention is on support at 5.0108, the Aug 29 / 30 lows. Clearance of this level would open 4.8853, the 76.4% retracement of the May 30 - Jul 21 upleg. Initial resistance is at 5.2483, Tuesday’s high.
  • USDCLP is trading at its recent lows. The 50-day EMA has recently been breached. The break signals potential for a deeper pullback and this has exposed the 900.00 handle (pierced) and 871.94, the Sep 9 low. Key resistance is at 996.97, the Sep 26 high. Clearance of this level would be bullish and open 1000.00 and 1061.00 further out, the Jul 14 high. Initial resistance is at 958.44, the Nov 3 high.