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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 ticks lower and continues to trade below the 400 threshold after consolidating sharply lower last week as Hungary steps up efforts to unlock EU funds that have been blocked over the Rule of Law dispute.
- ST key support to watch on the downside stands at 392.30, which corresponds to the 38.2% Fibo retracement of the 352.40 – 416.90 range.
- On the topside, resistance to watch stands at 400.
- Last week, economic data showed that inflation accelerated to 15.6% in August (less than 15.9% Exp.), up from 13.7% 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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