EM LATAM CREDIT: "Suzano 4Q Net Loss R$6.74B, Est. Loss R$3.92B" - BBG
"Suzano 4Q Net Loss R$6.74B, Est. Loss R$3.92B" - BBG SUZANO 3.125% 2032, $83.82, -.45...
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ASIA: Coming Up In The Asia-Pac Session On Tuesday
| 2330GMT | 0730HKT | 1030AEDT | Australia Jan Westpac Consumer Conf |
| 2350GMT | 0750HKT | 1050AEDT | Japan Nov BoP Current Account Balance |
| 2350GMT | 0750HKT | 1050AEDT | Japan Nov Trade Balance BoP Basis |
| 2350GMT | 0750HKT | 1050AEDT | Japan Dec Bank Lending |
| 0100GMT | 0900HKT | 1200AEDT | Japan BOJ Deputy Governor Himino Speech |
| 0135GMT | 0935HKT | 1235AEDT | EU ECB's Rehn Keynote Speech |
| 0335GMT | 1135HKT | 1435AEST | South Korea Nov Money Supply |
| 0500GMT | 1300HKT | 1600AEST | Japan to Sell 5-Year Bonds |
| 0830GMT | 1630HKT | 1930AEST | Japan Dec Eco Watchers Survey |
USDCAD TECHS: Trend Structure Remains Bullish
- RES 4: 1.4674 2.0% 10-dma envelope
- RES 3: 1.4539 3.382 proj of the Oct 17 - Nov 1 - 6 price swing
- RES 2: 1.4508 3.236 proj of the Oct 17 - Nov 1 - 6 price swing
- RES 1: 1.4467 High Dec 19
- PRICE: 1.4398 @ 21:09 GMT Jan 13
- SUP 1: 1.4345/4280 20-day EMA / Low Jan 6
- SUP 2: 1.4232 Low Dec 17
- SUP 3: 1.4190 50-day EMA
- SUP 4: 1.4011 Low Dec 5
The trend set-up in USDCAD remains bullish and the recent move down is considered corrective. The latest pause in the uptrend appears to be a flag formation - a bullish continuation signal. Note too that MA studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.4508 next, a Fibonacci projection level. 1.4345, the 20-day EMA, has recently been pierced. A clear break of the average would open 1.4190, the 50-day EMA.
JGB TECHS: (H5) Bear Cycle Extension
- RES 3: 147.74 - High Jan 15 and bull trigger (cont)
- RES 2: 146.53 - High Aug 6
- RES 1: 142.73/144.48 - High Dec 9 / High Nov 11
- PRICE: 140.56 @ 20:54 GMT Jan 13
- SUP 1: 140-00 - Round number support
- SUP 2: 139.38 - 2.764 proj of the Aug 6 - Sep 3 - 9 price swing
- SUP 3: 138.87- 3.000 proj of the Aug 6 - Sep 3 - 9 price swing
A clear downtrend in JGB futures remains intact and the latest fresh cycle lows, reinforces this condition. Note too that moving average studies on the continuation chart are in a bear-mode setup, highlighting a clear downtrend. The move down exposes the 140.00 psychological handle next. For bulls, a reversal would open 142.73 and 144.48, the Dec 9 and Nov 11 high respectively.
