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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 consolidating lower in today’s trading session, currently testing its upward trending support line (red); the pair found support several times on this upward line in the past two months.
- A break below that level would open the door for a move down to 380.
- Next key support to watch on the downside stands at 376.40 (50DMA).
- Even though HUF is currently significantly ‘undervalued’ based on a range of fair value metrics, the forint has been sensitive to the surge in market uncertainty triggered by the renewed geopolitical tensions.
- On the topside, ST resistance to watch stands at 390.
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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