Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EURHUF Testing 370 Key Support

HUNGARY
  • The NBH left its 1W depo rate steady at 6.15% (as expected) yesterday as the recent HUF strength has eased the pressure on policymakers to continue their ‘aggressive’ tightening through the 1W depo facility.
  • EURHUF has been retracing lower in the past two weeks after reaching at local high at 382.10 in the week following Orban’s victory.
  • The pair has been testing its key support at 370; a break below that level would open the door for a move down to 366.70 (100DMA).
  • The forint still trades significantly below its ‘fundamental’ value despite recent gains.

Source: Bloomberg/MNI

106 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • The NBH left its 1W depo rate steady at 6.15% (as expected) yesterday as the recent HUF strength has eased the pressure on policymakers to continue their ‘aggressive’ tightening through the 1W depo facility.
  • EURHUF has been retracing lower in the past two weeks after reaching at local high at 382.10 in the week following Orban’s victory.
  • The pair has been testing its key support at 370; a break below that level would open the door for a move down to 366.70 (100DMA).
  • The forint still trades significantly below its ‘fundamental’ value despite recent gains.

Source: Bloomberg/MNI