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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 in the past two days after consolidating sharply higher.
- Traders have been taking profits on their long HUF positions as NBH decides to mark a pause in its tightening cycle, leaving its 1W deposit rate steady at 4% since the start of the year.
- Next decision will take place tomorrow (8.30am London time) and policymakers are expected to maintain the 1W depo rate unchanged at 4%.
- Next resistance to watch on the topside stands at 361.20 (100DMA).
- On the downside, first support stands at 355, followed by 350.90.
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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