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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 has been trending higher in the past two days after finding a local low at 393.30 on Wednesday and tested the 399.60 level earlier.
- Momentum on the pair still looks bullish despite the aggressive NBH response this week as the forint continues to be driven by external factors such as geopolitical uncertainty.
- Key ST support to watch on the downside stands at 390 (50DMA at 389.70), followed by 387.20.
- On the topside, resistance to watch stands at 399.60, followed by 400.
- Earlier this morning, economic data showed that manufacturing PMI surged unexpectedly to 57 in June (vs. 51.7 exp.), up from revised 51.9 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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