MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI: NORWAY NOV CPI +0.3% M/M, +2.4% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Price Signal Summary - USDMXN Pullback Considered Corrective

LATAM FX
  • USDMXN traded higher Wednesday but failed to hold on to its gains and reversed sharply. A bullish outlook remains intact though following the recovery from levels just below support at 19.8126, the Aug 15 low. Resistance at 20.2944, the Sep 1 high, has been breached. The clear break strengthens bullish conditions and opens 20.8335, the Aug 3 high. On the downside, key support lies at 19.7533, the Sep 12 low.
  • USDBRL maintains a bullish tone and this week’s move higher has reinforced short-term conditions. Price has traded above 5.3098, the Sep16 high and 5.3157, the Aug 3 high - a positive development. Scope is seen for a climb towards 5.5142. Initial firm support has been defined at 5.1070, the Sep 22 low.
  • USDCLP maintains a firmer short-term tone and pullbacks are considered corrective. The contract has recently cleared resistance at 955.10, the Aug 22 high. The break strengthens bullish conditions and signals scope for a recovery towards 1000.00 and 1061.00 further out, the Jul 14 high. The 50-day EMA, at 920.16 is first support.
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.