Free Trial

Trend Direction Remains Down


BLOCK, Late Dec Quarterly Put Fly


Stopgap Bill Passes Senate


Real Estate Prices Seen Falling Up To 15% - CMHC


Crude Oil Consolidates Yesterday's Corrective Bounce


Corrective Cycle Still In Play

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
  • EURHUF maintains a firmer tone despite pulling back from Monday’s high. The cross recovered last week from 374.42, May 4 low. This resulted in a climb above resistance at 382.12, the Apr 7 high. The move above this hurdle strengthens a bullish theme and signals scope for gains towards 386.95, 61.8% of the bear cycle between Mar 7 - 30. Key support has been defined at 366.41, the Mar 30 low. Initial support lies at 374.31 the 50-day EMA.
  • EURPLN remains inside its current range. The outlook is bullish though. The cross traded higher - on Apr 26 - and moved out of its tight range. The move higher is a positive development. An extension would expose the key short-term resistance at 4.7867, the Mar 25 high. Clearance of this level would strengthen the case for bulls. On the downside, key support has been defined at 4.5588, the Apr 6 low. A break would reinstate a bearish threat.
  • USDZAR maintains a bullish tone and the strong recovery last week from 15.4112, the May 4 low, reinforces this theme. 15.4112 represents key support. Sights are set on 16.3668, the Nov 26, 2021 high and the next major resistance.
  • USDTRY maintains a bullish tone following recent gains. Price has breached resistance at 14.9932, the Mar 11 high, and is above the 15.00 handle. Scope is seen for a climb towards 16.00 and 16.4488, 76.4% of the Dec 20 - 23 sell-off. Initial firm support lies at 14.7189, the May 4 low.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.