FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CEEMEA FX Price Signal Summary - EUR Rallies Against The HUF And PLN

EMERGING MARKETS
  • EURHUF has started the week on a bullish note and the cross has rallied to clear last week’s highs. The move reinforces a bullish theme and also confirms a clear break of an important hurdle at 391.13, trendline resistance drawn from the Mar 12 high. This signals scope for an extension towards 395.73, 76.4% of the Mar 12 - May 28 bear leg. Key short-term support has been defined at 388.62.
  • EURPLN has recently recovered from its latest lows and the cross is also trading higher today, as it begins the week on a bullish note. The continuation higher paves the way for a climb towards 4.3431 next, 76.4% of the Apr 16 - May 28 bear leg. A break of this level would open 4.3728, the Apr 16 high. To reinstate a recent bearish theme, the cross needs to trade through support at 4.2727, the Jun 6 low.
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.