Free Trial
US EURODLR FUTURES

Post-LIBOR Settle Update: That Tightening Feeling

NORGES BANK

Hot July CPI Tilts Balance Toward 50bps

USD

USDJPY test 135.00

SONIA

SONIA FIX - 17/08/22

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

EURHUF Testing LT Upward Trending Support Line

HUNGARY
  • EURHUF has been testing its LT upward trending support line; a break below that level would open the door for a move down to 392.30 (38.2% Fibo retracement of the 352.40 – 416.90 range).
  • On the topside resistance to watch stands at 399.30 (50DMA).
  • As expected, the NBH decided to leave its 1W depo rate steady at 10.75% yesterday as recent HUF strength has been giving Hungary policymakers a ‘breather’.
  • This morning, economic data showed that industrial production rose more than expected at 4.8% YoY in June (vs. 3.4% exp.).

Source: Bloomberg/MNI

101 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • EURHUF has been testing its LT upward trending support line; a break below that level would open the door for a move down to 392.30 (38.2% Fibo retracement of the 352.40 – 416.90 range).
  • On the topside resistance to watch stands at 399.30 (50DMA).
  • As expected, the NBH decided to leave its 1W depo rate steady at 10.75% yesterday as recent HUF strength has been giving Hungary policymakers a ‘breather’.
  • This morning, economic data showed that industrial production rose more than expected at 4.8% YoY in June (vs. 3.4% exp.).

Source: Bloomberg/MNI