CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

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: EURHUF Resumes Its Downtrend

EMERGING MARKETS
  • EURHUF has resumed its downtrend. The cross has probed support 342.22, Aug 25 low. A clear break would strengthen bearish conditions and open 345.14, Jun 10 low. Key resistance is unchanged at 352.11, Aug 27 high.
  • EURPLN remains heavy following this week's sharp sell-off. The cross has cleared support at 4.5340, the Aug 4 low strengthening bearish conditions. This opens 4.4911, Jul 6 low. Key resistance is unchanged at 4.6017, Jul 20 high. Initial resistance is at 4.5569, the 50-day EMA.
  • USDZAR continues to trend lower. Price has this week breached its 50-day EMA and the base of a bull channel drawn from the Jun 7 low. The break lower strengthens a bearish case and exposes 14.2240, Aug 4 low. Key resistance is at 15.3948, Aug 20 high. Initial resistance is at 14.7640, the 20-day EMA.
  • USDTRY is trading lower once again today. The pair has this week breached former support at 8.2969, Aug 3 low and 8.2860, Jun 11 low signalling scope for weakness towards 8.20 and 8.1397, the Apr 29 low. Key near-term resistance is seen at 8.5604, the Aug 20 high.
  • USDRUB maintains a weaker tone as the pair extends the recent slide from 74.4799, Aug 26 high. Support at 72.6851, Aug 2 low appears exposed. It marks a key near-term support and a break would open 72.0405, Jun 25 low. Price needs to clear resistance at 74.5861, Aug 20 high to reinstate a bull theme.
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.