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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 continues to retrace lower this morning, breaking below its 50DMA (399.40) and gradually approaching its ST support at 397 (MT upward trending support line).
- Next key level to watch on the downside stands at 393, followed by 390.
- On the topside, resistance to watch stands at 400, followed by 406.
- The NBH is expected to leave its 1W depo rate steady at 10.75% on Thursday, Aug 4, as the ease in risk aversion in the ST should continue to support the forint.
- This morning, economic data showed that retail sales rose by 4.5% in June (vs. 8.3% exp.), down from revised 10.9% the previous month.
Source: Bloomberg/MNI
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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