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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
- Selling pressure on LT Hungarian bonds has been high in recent weeks, after NBH 'disappointed' the market last month by not increasing the pace of its tightening cycle.
- The 10Y bond yield tested its key resistance at 4% this morning, the highest level since June 2015; next level to watch on the topside stands at 4.24%. On the downside, first support to watch stands at 3.82%.
- EURHUF has been consolidating sharply lower in the past week after testing a local high at 367 last Monday. The pair is currently testing its 360 support; next level to watch on the downside stands at 356.80 (200DMA). On the topside, key resistance to watch above 367 stands at 370.
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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