EM LATAM CREDIT: Compañía General de Combustibles (CGC): New 5NC2 Fair Value

• RES 4: 1.3613 76.4% retracement of the Sep 17 - Oct 14 bear leg    
• RES 3: 1.3544 61.8% retracement of the Sep 17 - Oct 14 bear leg 
• RES 2: 1.3527 High Oct 1 and a pivot level
• RES 1: 1.3487 50.0% retracement of the Sep 17 - Oct 14 bear leg 
• PRICE: 1.3382 @ 15:21 BST Oct 21
• SUP 1: 1.3317/3249 Low Oct 15 / 14 and the bear trigger
• SUP 2: 1.3220 0.764 proj of the Sep 17 - 25 - Oct 1 price swing 
• SUP 3: 1.3142 Low Aug 1 and a key support
• SUP 4: 1.3041 Low Apr 14           

Recent gains in GBPUSD appear corrective - for now. However, price has recently pierced resistance around the 50-day EMA, currently at 1.3448. A clear break of this average would highlight a stronger reversal and expose resistance at 1.3527, the Oct 1 high and a pivot level. Clearance of this hurdle would be bullish. On the downside, key support and the bear trigger is 1.3249, the Oct 14 low.

"*TRUMP: GOING TO HAVE $20T IN INVESTMENTS IN US UNTIL YEAR END" - bbg

Context behind the headline: 

• “I think we’re going to have $20tn of investment. We’re over $17tn right now. As an example, President Biden had less than a trillion for four years. We’re going to have $20tn in less than twelve months. It’s the largest amount in our country by far, by many times.”
• The White House tracker has $8.8tn of investment pledges but it's unclear how up to date that is. Having looked in the past, many of these pledges were over 4+ years.
• https://www.whitehouse.gov/investments/