MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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 Eyeing Key Resistance

LATAM FX
  • USDMXN has continued to push higher and on the back of this recent strength, attention is shifting to the key resistance at 20.9790, Nov 3 high. A break of this hurdle would confirm a resumption of the uptrend and signal potential for stronger gains above the 21.00 handle. Key support lies at 20.2517, Nov 9 low.
  • USDBRL is off recent lows however the short-term outlook remains bearish. Attention is on the base of a bull channel at 5.3683. The channel is drawn off the Jun 25 low and represents a key pivot support. While price remains inside the bull channel, the trend condition is bullish and the current bear cycle is considered corrective. Initial resistance is at 5.6068, Nov 5 high. A bearish channel breakout would alter the picture and signal scope for a deeper sell-off towards the 5.20 handle.
  • USDCLP has rebounded and moved back above a trendline support drawn off the May 10 low. The move above the line ends the recent bearish threat and attention turns to 818.63, Nov 3 high. This level has been probed, a clear break would signal scope for a test of 832.80, Oct 15 high. Key support has been defined at 788.22, Nov 10 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.