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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
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EURHUF Little Changed as Markets Await ECB
- EURHUF has operated within a narrow range Thursday and is down ~0.10% at typing, with little in the way of domestic catalysts driving price action so far. Forint performance is in-line with that of its CEE peers, with wider moves across EM FX lacking any notable follow through ahead of the ECB rate decision this afternoon – where the September decision will likely be a very close call between a 25bp hike and a pause.
- Technical conditions in EURHUF remain bullish, with a sustained break of 391.64, the Aug 21 high, needed to open 394.67, the Aug 3 high and a key resistance. On the downside, the 50-day EMA marks the support level to watch and intersects today at 382.60.
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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.