MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

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: USDMXN Bears Eye The 19.7274 Bear Trigger

LATAM FX
  • USDMXN is trading lower and extending the move down from 20.1950, the Apr 6 low and attention is on the Apr 4 low of 19.7274. The trend outlook is bearish and recent short-term gains are considered corrective. A break of 19.7274 would confirm a resumption of the downtrend and pave the way for a move towards 19.5494, the Jan 21 2021 low. Key short-term resistance is at 20.1950.
  • The USDBRL primary trend direction remains down. The recent break lower on Apr 1 marked a resumption of the downtrend. 4.6000 has been probed and this opens 4.5439 next, 1.236 projection of the Mar - Jun - Dec 2021 price swing. The 20-day EMA at 4.8030 remains the key short-term resistance.
  • USDCLP traded higher last week and again Monday. The pair is holding onto the bulk of its recent gains. Price has traded through the 50-day EMA and has probed resistance at 818.60, the Mar 15 high. A clear break of this level would signal scope for a stronger rally and open 832.75, the Feb 7 high. Initial support is seen at 797.39, the 20-day EMA. Key support is at 771.89, Mar 29 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.