MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI: GERMANY NOV CPI +2.2% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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

Price Signal Summary: USDCLP Trend Structure Remains Bullish

LATAM FX
  • USDMXN rallied to a high of 20.7288 Friday before finding resistance. The outlook remains bullish though and the pullback is considered corrective. Initial support is at 20.1834, the 20-day EMA. A resumption of gains would refocus attention on the key resistance at 20.7488, Jun 18 high.
  • The USDBRL uptrend remains intact. The pair traded to a high of 5.4759 on Thursday, probing resistance at 5.4741, Aug 20 high. A clear break of this level would confirm a resumption of the uptrend that started Jun 25 and open 5.4946, 61.8% retracement of the Mar - Jun downleg. Key short-term support has been defined at 5.1163, Aug 31 low. Initial support is at 5.2693, the 50-day EMA.
  • USDCLP bull trend remains firmly intact. The pair last week cleared former key resistance at 795.73, Aug 9 high. This confirmed a resumption of the uptrend with a bullish price sequence of higher highs and higher lows intact. The focus is on 825.13, Jun 19 high. Firm short-term support lies at 791.96, the 20-day EMA.
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.