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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
- Analysts expect the NBH to leave its 1W depo rate unchanged at 6.15% despite the recent HUF weakness following Orban’s victory last week.
- EURHUF has been trading close to the 380 level in the past week after surging by nearly 10 figures following the election.
- Political uncertainty has been weighing on HUF, which is the ‘riskier’ currency in the CEE region.
- It is likely that the NBH will keep the 1W depo rate steady until its ‘core’ policy meeting on April 26.
- Short term support to watch on EURHUF stands at 375.10.
- On the topside, resistance to watch above 380 stands at 381.60, which corresponds to the 38.2% Fibo retracement of the 352.40 – 399.60 range.
Source: Bloomberg
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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