Free Trial
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
- The ease in risk aversion in recent weeks has been supporting the forint, with EURHUF currently testing the 392.25 level, which corresponds to the 38.2% Fibo retracement of the 352.40 – 416.90 range.
- Next key level to watch on the downside stands at 390 (100DMA).
- Last week, the NBH decided to keep its 1W depo rate steady at 10.75% (as expected).
- Hungary’s outlook was revised to negative by S&P as external risks, reduced gas flows and delays in EU funds could continue to weigh significantly on the economic activity.
- The chart below also shows that the sharp tightening in financial conditions has been pricing in a sharp slowdown in H2.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok