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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.
EM FX
- Momentum on CEE currencies has been strong in the past two days; USD has been giving back a lot of its July strength against HUF, PLN and CZK.
- USDPLN is currently testing its 3.85 support (after failing to break its 3.90 resistance yesterday); next level to watch on the downside stands at 3.83.
- HUF has also been constantly strengthening since the NBH decision on Tuesday; USDHUF is gradually approaching its 300 support; next level to watch on the downside stands at 298.50 (200DMA).
- USDCZK is currently testing its 100DMA at 21.47; a break below that level would open the door for a move down to 21.33 (50DMA).
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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