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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.
HUNGARY
- EURHUF has been consolidating lower in the past two days after finding resistance slightly above the 400 level yesterday.
- We previously saw that the ease in risk aversion (i.e. weaker USD) particularly following the lower than expected US CPI print yesterday could support CEE currencies, especially HUF, which is currently trading significantly below its ‘fundamental’ value.
- ST key support to watch on the downside stands at 392.25, the 38.2% Fibo retracement of the 352.40 – 416.90 range.
- Next level to watch on the downside stands at 389.60 (100DMA).
Source: Bloomberg
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.
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