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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 testing its 200DMA support this week as momentum on HUF remains firm; a break below that level would open the door for a move down to 355.
- Traders keep chasing the interest rate differential (vs. EUR) following the upside revision in the terminal rate.
- The 1W depo rate (effective rate) could reach up to 4.5% in early 2022, with ‘core’ policy rate expected to slowly converge towards 1W depo rate through H1 2022.
- On the topside, first resistance stands at 360, followed by 360.74 (100DMA).
- Next important data to watch will be December inflation, coming out on January 14 and expected to decelerate to 7.2% (from 7.4% 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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