BRAZIL: Economic Activity Beats Expectations In November
Jan-16 12:01
- "*BRAZIL NOV. ECONOMIC ACTIVITY RISES 0.68% M/M; EST. +0.40%" - BBG
- Follows a 0.25% m/m decline in October.
- "*BRAZIL NOV. ECONOMIC ACTIVITY RISES 1.25% Y/Y; EST. +0.70%"
- Economic growth rises from +0.38% y/y in October.
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MNI: US MBA: MARKET COMPOSITE -3.8% SA THRU DEC 12 WK
Dec-17 12:00
- MNI: US MBA: MARKET COMPOSITE -3.8% SA THRU DEC 12 WK
MNI: INVITE RPT: MNI Webcast with Fed's Alberto Musalem On Jan 13
Dec-17 12:00
You are invited to join an MNI Webcast with Alberto Musalem, President & CEO, Federal Reserve Bank of St Louis.
Details below:
- Speaker: Alberto Musalem, President & CEO, Federal Reserve Bank of St Louis.
- Topic of discussion: ‘U.S. Economy & Monetary Policy.’
- Date: Tuesday January 13 from 10am to 10:35ET; 3pm to 3:35pm GMT
- This event will be run as a Zoom Webinar and is a public, on-the-record event.
To register please go to: MNI Webcast Registration
OUTLOOK: Price Signal Summary - Key Resistance In Gold Remains Exposed
Dec-17 11:49
- 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 $4087.6. 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.
- A bearish theme in WTI futures remains intact despite today's bounce - a correction. 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 breached. Clearance of this level resumes the downtrend and opens $53.53. First resistance is at $59.27, the 50- day EMA.
