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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.
BRAZIL
- Brazil's retail sales slumped more than expected in September as the central bank aggressively tightens policy and annual inflation runs at a multi-year highs.
- Despite the broad dollar strength, BRL has been faring better in recent sessions and is now below previous horizontal support around 5.48.
- Next support is 5.4342, Oct 15 low, that also capped BRL strength during yesterday's session. A break would open the base of a bull channel at 5.3489. The channel is drawn off the Jun 25 low and represents a key support parameter in an underlying bull trend for the pair.
- Treasury will offer fixed rate bonds maturing in 2022, 2023, 2025, 2027 and 2031; the absence of U.S. bond market due to Veterans day could affect liquidity locally.
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.
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