Free Trial
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
- EURHUF has been trending higher since yesterday, mostly driven by the broad USD strength following the higher than expected CPI print yesterday.
- The ‘positive’ surprise cements another 75bps hike next week, which has been supporting the greenback against major currencies.
- EURHUF found resistance at 400; a break above that level would open the door for a move up to 401.70 (500DMA).
- On the downside, key support to watch remains at 392.30, which corresponds to the 38.2% Fibo retracecment of the 352.60 – 416.90 range.
- European Parliament to debate if Hungary is in breach of the European Union’s foundational values. The debate comes a week before the European Commission must decide whether to recommend funding cuts over the suspected erosion of the rule of law in Hungary (BBG).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok