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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
- Selling pressure on HUF has been strong during yesterday risk off session, with EURHUF reaching a new all-time high at 409.66.
- Yesterday was marked by a strong surge of the US Dollar, with DXY index breaking above the 106 level and currently trading at its highest level since December 2002.
- Next resistance to watch on EURHUF stands at 410.79, which corresponds to the 123.6% Fibo projection of the 352.40 – 399.60 range.
- The probability of a NBH response on Thursday via the 1W depo rate facility is low as the forint is driven by external factors (geopolitical and market uncertainty).
- Next important data to watch will be CPI inflation on July 8, expected to accelerate to 11.5% in June, up from 10.7% the previous month.
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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