MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

EMERGING MARKETS: CEEMEA FX Price Signal Summary -  EURPLN Support Exposed

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • EURHUF traded higher Monday but - for now - remains below its recent highs. The 50-day EMA, at 394.04, has been pierced and a continuation lower would expose key near-term support at 391.93, the Aug 21 low. Clearance of this level would reinstate a bearish threat and open 390.06, the Jul 26 low. On the upside, a stronger reversal higher would refocus attention on key resistance at 399.21, the Aug 5 high.
  • EURPLN has not managed to hold on to its latest gains and the cross is trading at its recent lows. Attention is on key near-term support at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low and primary support. On the upside, a break of 4.3043, the Sep 12 high, would instead be bullish and this would open the 4.3200 handle and 4.3309, the Aug 9 high.
146 words

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.
  • EURHUF traded higher Monday but - for now - remains below its recent highs. The 50-day EMA, at 394.04, has been pierced and a continuation lower would expose key near-term support at 391.93, the Aug 21 low. Clearance of this level would reinstate a bearish threat and open 390.06, the Jul 26 low. On the upside, a stronger reversal higher would refocus attention on key resistance at 399.21, the Aug 5 high.
  • EURPLN has not managed to hold on to its latest gains and the cross is trading at its recent lows. Attention is on key near-term support at 4.2614, the Aug 16 low. Clearance of this level would expose 4.2471, the Jul 15 low and primary support. On the upside, a break of 4.3043, the Sep 12 high, would instead be bullish and this would open the 4.3200 handle and 4.3309, the Aug 9 high.