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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
- Since the start of the year, we have seen that global equities have been extremely sensitive to the geopolitical tensions between Russia and Ukraine.
- A sudden deterioration of the current situation would lead to USD strength and a sharp correction in equities, while 'easing' geopolitical tensions would decrease the risk-aversion and stimulate equities.
- The chart below, which could be applied to numerous economies, show the strong relationship between USDHUF (inverted) and BUX index in recent months.
- BUX index broke below its 200DMA in today's trading session, a moving average that has acted as a strong support line in the latest bull market.
- Next support to watch on the downside stands at 48,861.40, which was the low reached on December 23rd.
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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