MNI BRIEF: Fed's Bostic - Rate Cut Likely At End of Year

MNI BRIEF: Fed Could Wait Until 2025 To Lower Rates - Kashkari

MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EURHUF Continues to Pare Earlier Gains

HUNGARY

Improving risk sentiment has seen EURHUF (-0.33%) continue to pare its sharp earlier gains amid concerns over US and European banks that weighed on equities and risk-sensitive currencies at the start of the session.

  • The rally for major equity indices and reversal for core yields combined with the ongoing strength in the Euro has seen the EURHUF cross trade below the 396.00 level in most recent trade.
  • Nevertheless, technical EURHUF trend conditions remain bullish following last week’s gains as the cross trades close to its recent highs. Price continues to trade above the 50-day EMA - at 388.61 - and a continuation higher would open 404.35, the Jan 3 high, ahead of the 410.00 handle.
  • On the downside, key support and the bear trigger has been defined at 372.38, the Mar 1 low. Initial firm support is at 386.57, the 20-day EMA.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.