EM LATAM CREDIT: Brazil's CSN: Deleveraging Plan - Positive
Jan-15 12:12
"CSN Approves Divestment Plan, to Deleverage up to BRL18B" - Bbg...
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MNI EXCLUSIVE: MNI Looks at EU's Strategy with China
Dec-16 12:11
- MNI looks at the EU's strategy in the face of a large and growing trade deficit with China -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
OUTLOOK: Price Signal Summary - WTI Pierces Resistance
Dec-16 12:05
- On the commodity front, a bullish theme in Gold remains intact. The bear phase between Oct 20 - 28 appears to have been a correction and note that the recovery since Oct 28 signals the end of that corrective cycle. Key support to watch is the 50-day EMA, at $4078.9. Clearance of this EMA would signal scope for a deeper retracement. Attention is on key resistance and the bull trigger at $4381.5, the Oct 20 high. First support lies at $4196.8, the 20-day EMA.
- A bearish theme in WTI futures remains intact. Moving average studies are in a bear-mode position, highlighting a dominant downtrend. A key support and the bear trigger at $55.99, the Oct 20 low has been pierced. Clearance of this level would resume the downtrend and open $54.72, the Apr 9 low. Key short-term resistance to watch is $61.84, the Oct 24 high. First resistance is at $59.43, the 50- day EMA.
OPTIONS: Expiries for Dec16 NY cut 1000ET (Source DTCC)
Dec-16 11:58
- EUR/USD: $1.1750-55(E1.8bln)
- USD/JPY: Y156.00($1.1bln)
- GBP/USD: $1.3500(Gbp3.8bln)
- NZD/USD: $0.5845-50(N$540mln)
- USD/CAD: C$1.3750($885mln)
