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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
- HUFJPY found support at its 200DMA yesterday after consolidating by nearly 8% since the start of June.
- The rise in uncertainty in recent weeks combined with the legal disputes between Hungary and EU have been weighing on the HUF, which has been the worst performing currency in July among the CEEMEA market.
- Short term resistance to watch on the topside stands at 36.34, followed by 36.56, which corresponds to the 38.2% Fibo retracement of the 33 – 38.73 range.
- On the downside, first support to watch below 35.83 (200DMA) stands at 35.62.
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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