FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

TECHS: CEEMEA FX Price Signal Summary: USDRUB Off Recent Lows

EMERGING MARKETS
  • USDZAR extends this week's sell-off but has found support at the 14.7772 level, 76.4% of the Dec - Jan rally.
    • A clear break of 14.7772 would open 14.5037, Dec 23 lo and a key support.
    • Resistance is at 15.2090, the 50-day EMA.
  • In the CEE region, EURPLN remains below the 4.5500 level. The outlook is bearish and recent gains are likely a correction.
    • Key support is unchanged at 4.4946, Jan 7 low and a bear trigger.
    • The resistance to watch is 4.5581, 50.0% of the Dec 31 - Jan 7 downleg.
    • A break would potentially alter the picture.
  • EURHUF remains soft and is eyeing key support at 356.53, Jan 7 low. A break would open 356.00, 76.4% of the Dec 14 - 31 rally.
  • USDTRY is largely unchanged and back below the 20-day EMA. Clearance of 7.5426, Jan 18 high is required to highlight a bullish theme.
    • A key pivot support lies at 7.2406, Jan 7 low and is close to the May 2020 high and the Aug 2013 high. A break of 7.2406 would resume the downtrend.
  • USDRUB is firmer today. The near-term directional triggers are unchanged at 73.0665, Jan 4 low and 75.2785, Jan 5 high.
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.