-
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 Podcasts -
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
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
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: USDTRY Firmer Within The Range
- EURHUF gains stalled Monday just above the 50-day EMA, currently at 351.63. Monday's high was 351.98 and this represents an important near-term resistance - a break would suggest scope for a stronger rally towards 355.57, Aug 11 high. Moving average studies however suggest a downtrend remains intact. A firm support has recently been defined at 346.81, Sep 6 low. A break of this level would confirm a resumption of the bear cycle that started Jul 26.
- EURPLN continues to climb. With short-term bullish conditions still dominating, attention is on the key resistance at 4.6017, Jul 20 high where a break is required to signal a stronger bullish theme. Initial support has been defined at 4.5346, Sep 13 low with key support at 4.5010, the Sep 1 low.
- USDZAR short-term trend conditions remain bearish and this week's recovery is considered corrective. A bearish theme follows the recent breach of the base of a bull channel drawn from the Jun 7 low. A resumption of weakness would open 14.0212 next, Jun 25 low and 13.8801, 76.4% of the Jun - Aug rally. The next resistance is at 14.7294, 50.0% of the Aug 20 - Sep 10 sell-off.
- USDTRY is firmer and trading above the 8.6000 handle. The pair has defined a short-term support at 8.2642, Sep 2 low. Price has cleared the 50-day EMA and this opens 8.6815, Aug 11 high. The key resistance is at 8.8008, high Feb 2 and also represents the top of the current broad range. For bears, a break of 8.2642 - the range base - is required to confirm a resumption of bearish pressure.
- USDRUB traded lower Wednesday and resumed the downleg that started Jul 8. This opens 72.0405, Jun 25 low ahead of key support at 71.5542, Jun 11 low. Key near-term resistance has been defined at 73.5309, Sep 8 high.
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.