-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
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 AccessCEEMEA FX Price Signal Summary: USDRUB Break Higher And Resumes Its Uptrend
- EURHUF continues to appreciate. Price is approaching resistance at the 20-day EMA that intersects at 359.97 today. Clearance of this hurdle would open 362.19, the 50-day EMA. Moving average studies still suggest the broader trend condition remains bearish and that recent gains are corrective. A reversal lower would refocus attention on 350.88, the Jan 13 low.
- The low print in EURPLN last week strengthens the current bearish theme and highlights the potential for further weakness. Note too that the recent break of support at 4.5798, Dec 8 low also reinforced bearish conditions. The focus is on 4.5010 next, Sep 1 low. The current recovery is considered corrective. The cross is approaching initial resistance at 4.5543, the 20-day EMA. A firmer resistance is seen at 4.5828, the 50-day EMA.
- The current downtrend in USDZAR remains intact. Last week’s break of 15.2633, Jan 13 low signalled a resumption of the downtrend. The move lower maintains a bearish price sequence of lower lows and lower highs and has opened 14.8637, the Nov 9 low. Note that there is a trendline support at 14.9706. This is drawn from the Jun 7, 2021 low and also represents a key support. Firm short-term resistance is seen at 15.5732, the Jan 18 high.
- USDTRY is unchanged and continues to consolidate in a very tight range at the 20-day EMA. The outlook is bullish and price remains above the Dec 23 low of 10.2512 that also represents the key short-term support. Further gains would open 14.3729, the Dec 11 high. A breach of this level would open 15.2645, 61.8% of the Dec 20- 23 sell-off.
- USDRUB is sharply higher today. The clear breach of resistance at 77.1812, the Jan 6 high, confirms a resumption of the underlying uptrend and maintains the bullish price sequence of higher highs and higher lows. Note too that moving average conditions remain bullish. Attention is on the 80.00 handle and 80.9503, the Nov 2, 2020 high. Today’s low of 77.0603 marks initial support.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.