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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
- Momentum on EURHUF remains bearish; the pair broke below its 50DMA yesterday to find support at the 400 level.
- NBH series of announcement on Tuesday have been supporting the forint in recent days.
- Key support to watch on the pair stands at 392.44, which corresponds to the 38.2% Fibo retracement of the 352.90 – 416.90 range.
- This morning, the NBH is likely to readjust its 1W depo rate by 100bps.
- Economic Development Minister Nagy mentioned on radio that Hungary CPI may reach 15%-16% in August.
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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