MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CEEMEA FX Price Signal Summary: USDZAR Remains Above Support

EMERGING MARKETS
  • EURHUF is trading closer to its recent lows. The cross remains below the 50-day EMA, which intersects at 397.10. The recent break lower, signals potential for a deeper retracement and this has opened the 390.00 handle. The broader uptrend remains intact though and dips are still considered corrective - for now. Any reversal higher would open 408.51, the Jul 28 high and further out, the key resistance at 416.89, the Jul 6 high.
  • EURPLN is unchanged. The cross last week tested the mid-July lows at 4.6904. A solid break of this level would strengthen short-term bearish conditions and open the next downside level at 4.6713, 61.8% of the May 30 - Jul 12 bull phase. The move lower since Jul 12 is considered corrective. A resumption of gains would refocus attention on the first important resistance at 4.8088, the Jul 27 high.
  • USDZAR remains above 16.3906, the Jul 29 low. The recent recovery from this level means that the 50-day EMA continues to provide support - the average intersects at 16.4415. Moving average studies still highlight a broader uptrend and recent weakness is considered corrective. A continuation higher would open 17.3060, the Jul 14 high. This level also represents the bull trigger. On the downside, a clear break of the 50-day EMA would highlight a stronger bearish threat.
  • USDTRY trend conditions remain bullish. The 18.00 handle was pierced last week, a clear break would strengthen the bullish theme and open 18.3633, the Dec 20 2021 high and a key resistance. The 20-day EMA, at 17.7150, is the initial firm support to watch.
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.