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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: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
USDCLP Extends Slide Below Key Short-Term Support
- USDCLP has fallen a further half a percent on Wednesday. The trend outlook for the pair remains bearish having recently cleared key short-term support at 873.00, the Nov 3 low, has been cleared. The break of this level has strengthened a bearish threat and signals scope for a deeper retracement towards 837.45, the Aug 25 low. Initial resistance moves down to $890.61, the 50-day EMA.
- The renewed peso optimism comes amid the more positive backdrop of well supported copper prices, lower US yields and higher major equity indices. Economic activity data this week and CPI on December 07 will shape the expectations for the final monetary policy decision of the year on Dec 19. The plebiscite on the new constitution, scheduled for Dec 17 remains a key domestic risk.
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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.