MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

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 - EURHUF Bear Cycle Still In Play

EMERGING MARKETS
  • EURHUF is unchanged and the cross maintains a softer tone with price remaining below both the 20- and 50-day EMAs. Note that 381.12, the Mar 13 low, has recently been cleared and this signals scope for weakness towards a key support at 372.38, the Mar 1 low. Key resistance has been defined at 402.45, the Mar 20 high. This level is the bull trigger. Initial resistance is seen at 380.77, the 20-day EMA.
  • EURPLN remains in consolidation mode. A bear threat is present despite continuing to trade above 4.6620, Mar 1 low. Weakness in the latter half of February, signals scope for a test of support at 4.6573, the Jan 4 low. Clearance of this level would strengthen a bearish argument and open 4.6270, the Dec 26 low and the next key support. 4.6620 is the bear trigger. Initial firm resistance to watch is 4.7304, 50.0% of the Feb 14 - Mar 1 bear leg.
EM BulletHomepagemarkets-real-timeCommoditiesBulletEmerging Market News
EM BulletHomepagemarkets-real-timeCommoditiesBulletEmerging 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.