MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1058 Thurs; -4.80% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1058 THURS VS 7.1048

MNI China Daily Summary: Wednesday, April 24

MNI BRIEF: China Steel Demand Q2 Limited Rebound

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: Italy, EU Auctions, BoE APF Monday

US EIA: CRUDE OIL STOCKS EX SPR -6.37M TO 453.6M APR 19 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEEMEA FX Price Signal Summary: EURHUF Trend Outlook Remains Bullish

EMERGING MARKETS
  • EURHUF traded lower yesterday but maintains a short-term bullish tone. The cross earlier this week challenged resistance at 382.12, the Apr 7 high. A clear break of this hurdle would strengthen a bullish theme and signal scope for a climb 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 373.20, the 50-day EMA.
  • EURPLN remains in consolidation mode. The outlook is positive though. The cross confirmed a bullish breakout - on Apr 26 - of its recent tight range. The move higher eases a recent bearish threat and an extension of gains 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 despite this week’s pullback. A strong support zone lies at 15.3942 - 15.1917, the area between the 20- and 50-day EMAs. A clear break through this support area would signal scope for a deeper retracement. A resumption of bullish activity would open 16.2064, Tuesday’s high.
  • USDTRY maintains a firmer tone - the pair traded higher Monday and above 14.8689, the Mar 24 high. Price action remains above the Mar 29 low of 14.5392 although a more important short-term support lies at 14.3979, Mar 15 low. Scope is seen for a climb towards 14.9932, Mar 11 high and 15.2645 further out, 61.8% of the Dec 20 - 23 sell-off.
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.