MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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CEEMEA FX Price Signal Summary - Bullish Extension In EURHUF

EMERGING MARKETS
  • A bullish outlook in {HU} EURHUF remains intact and the cross is firmer again today. Price has recently cleared the bull trigger at 416.89, the Jul 6 high. This was a key resistance and the break confirms a resumption of the primary uptrend, taking price to fresh all-time highs. The focus is on 428.81 next, the 1.50 projection of the Aug 12 - 24 - Sep 9 price swing. The 20-day EMA, at 407.98 is support.
  • {PD} EURPLN traded higher last week and has cleared resistance at 4.8515, the Jul 12 high. This confirms a resumption of the uptrend that started late May and opens 4.90 and 5.0019, the Mar 7 high and a key resistance. The 20-day EMA at 4.7634 is the first key support.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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