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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
- USDHUF has been gradually retracing lower in the past week, currently trading below the 324 level; next support to watch on the downside stands at 321.70 (50DMA). On the topside, first resistance stands at 328, followed by 330.
- EURHUF has been consolidating lower in recent days and is currently trading slightly below its 50DMA support (365.70); next level to watch on the downside stands at 365. On the topside, key resistance to watch stands at 370.
- Hungary 10Y yield has been reaching new highs in recent days amid inflation concerns, breaking above its 4.50% resistance this morning and gradually approaching its ST resistance at 4.70%. Next key level to watch on the topside stands at 5%. On the downside, support to watch now stands at 4.50%.
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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