MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEEMEA FX Price Signal Summary: EUR/HUF Prints Ninth Session of Lower Lows

MARKET INSIGHT
  • EURHUF remains in a short-term downtrend, with the cross printing lower lows for a ninth consecutive session. Support at the 100-dma has given way, opening losses through the 50-dma of 353.50. A break opens 351.76 Fib support.
  • EURPLN is softer having failed to break above the 4.60 double top. Bulls need to retake this level to open 4.6224, 76.4% of the Mar 29 - Jun 7 downleg. Firm support is seen at 4.5309, Jul 15 low.
  • USDZAR remains softer having failed to break the 15.00 handle in late July. The pair holds between support at the 50-dma (successfully held at 14.22 on Wednesday) and resistance crossing at the 14.69 200-dma.
  • USDTRY is bouncing off the week's 8.2969 low, but faces a sharper challenge at the 8.5976 50-dma. A break back above here opens 8.6263 before the year's highs of 8.8008. Key support is unchanged at 8.2860, Jun 11 low.
  • USDRUB remains toward the bottom-end of the recent range, with 72.6851 the downside level to watch. Scope exists for a deeper pullback towards the 72.00 handle. The bull trigger is at 75.3497, Jul 8 high. Initial resistance is at 74.2742, Jul 26 high.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

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.