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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.
HUF
- Global equity weakness and the broader pressure on the emerging market FX basket keeps the HUF on the back foot Tuesday.
- EURHUF briefly touched the 392.00 handle at the start of the session, reaching its highest level since the end of April. The cross now stands an impressive 2.4% higher compared to last week’s lows.
- Last week’s rally resulted in a break of both the 20- and 50-day EMAs, signalling scope for a continuation higher near-term. Attention turns to trendline resistance at 391.94, drawn from the Mar 12 high, which was briefly pierced this morning. A clear break could expose 393.24 - 61.8% retracement of the Mar 12 - May 28 bear leg (see below).
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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