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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.
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Free AccessMNI ASIA OPEN: Dovish Reaction to Chairman Powell Presser
MNI ASIA MARKETS ANALYSIS: FOMC Delivers Expected 25Bp Cut
USDCLP Edging Towards Next Resistance Level As Bulls Remain In Driver’s Seat
- Despite a moderately weaker open, USDCLP maintains a firmer tone following the latest extension of the recovery that started Dec 1. The break of resistance at 902.28, the Dec 26 high, has strengthened a short-term bullish condition and the pair is within close proximity of 924.67, the Nov 13 high.
- As noted, clearance of this level would signal scope for an extension towards 955.00, the Oct 16 high. On the downside, initial firm support lies at 870.45, the Dec 29 low. Key support and the bear trigger have been defined at 854.93, Dec 1 low.
- There are no economic data releases in Chile for the rest of this week, leaving the US CPI print as the key driver of short-term price action.
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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.