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

TECHS: CEEMEA FX Price Signal Summary: USDZAR Is Trading At Recent Lows

EMERGING MARKETS
  • EURHUF maintains a firmer tone. Attention is on last week's 368.09 high on Mar 8. A break would confirm a resumption of the current uptrend and open 369.25, Oct 29, 2020 high. Initial firm support is at 364.54, Mar 11 low.
  • EURPLN remains in an uptrend with sights set on 4.6217, Dec 31 high. Support lies at 4.5289, Mar 2 low. Initial support is at 4.5594, Mar 9 low.
  • USDZAR remains closer to recent lows. The recent sharp move lower, probed support at 14.8069, Feb 26 low. A clear break would signal scope for a deeper pullback towards 14.3966, Feb 24 low. Initial key resistance has been defined at 15.5726, Mar 8 high.
  • The USDTRY outlook remains bullish despite the most recent pullback. The rally since Feb 16, signals scope for a climb towards 7.9368 level, 61.8% of the Nov - Feb downleg. Support is seen at 7.3779, the 50-day EMA.
  • USDRUB weakness has resumed this week following a prolonged period of consolidation. The break of 73.1482, Feb 16 low leaves key support at 72.6566, Dec 17 low exposed. Resistance is at 75.0632, Feb 22 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.