CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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

Tech Focus: LatAm FX Price Signal Summary: USDMXN Cracks Support

EMERGING MARKETS
  • USDMXN maintains a weaker tone and is trading lower once again today.
    • The pair has cleared a key near-term support at 19.7197, May 18 low and the bear trigger.
    • This confirms a resumption of the downtrend and ends the recent lengthy consolidation since Apr 20.
    • The focus is on 19.5494, Jan 21 low and a primary support.
    • Key resistance has been defined at 20.2132, Jun 4 high.
  • USDBRL remains soft and is consolidating ahead of support at 5.0107, Dec 14 low. A clear breach of this level would reinforce bearish conditions and open 4.8187 further out, Jun 8 2020 low. A firm near-term resistance is at 5.3740, high May 24. Initial resistance is seen at 5.2153, the 20-day EMA.
  • USDCLP outlook remains bullish despite the recent weakness. A bullish theme follows sharp gains following the reversal from 690.32, May 10 low. The climb has exposed the next area of resistance between 740.22, Mar 29 high and 743.10, Mar 8 high. Clearance of these two levels would open 751.20, Jan 13 high and a key resistance. Support is seen at 710.46, May 18 low. A break would highlight a bearish risk instead.
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.