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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
HUNGARY
- This morning, economic data showed that manufacturing PMI rose more than expected in October to 53.1 (vs. 52.5 exp.), up from revised 52 the previous month.
- PPI inflation decelerated slightly In September to 14% YoY, down from 14.4% the previous month.
- USDHUF has been consolidating lower since yesterday, currently trading slightly above the 310 level; support to watch on the downside stands at 308.60. On the topside, resistance to watch stands at 315.
- Hungary 10Y yield rejected the 4% resistance yesterday and retraced slightly lower to trade at around 3.90% this morning. Next level to watch on the topside stands at 4.24% (June 2015 highs). On the downside, first support stands at 3.80%.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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