MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

US EIA:NAT GAS STORAGE +10 BCF TO 3,209 BCF JUL 12 WK

EZ/UK Bond Supply Calendar: Belgium Auction, BoE APF on Monday

MNI UK Labour Market Review: July 2024 Release

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Tech Focus: CEEMEA FX Price Signal Summary: EURHUF Extends Bounce

EMERGING MARKETS
  • EURHUF extends its recovery from Monday's 356.32 low. The cross is through both the 20- day and 50-day EMAs. This signals scope for a climb towards 361.09, Jan 18 high.
    • A break below 356.32, Jan 25 low is required to resume bearish pressure and open 356.00 initially, 76.4% of the Dec 14 - 31 rally, and below.
  • EURPLN is testing 4.5500. The resistance to watch is 4.5581, 50.0% of the Dec 31 - Jan 7 downleg. A break would be bullish.
    • Key support is unchanged at 4.4946, Jan 7 low and a bear trigger. Initial support lies at 4.5229, Jan 20 low.
  • The USDZAR recovery from 14.7667, Jan 21 low found resistance yesterday at 15.3729.
    • The pair needs to break above 15.3800, Jan 18 high to expose key S/T resistance at 15.6625, Jan 11 high.
    • Key support lies at 14.7667.
  • In USDTRY, the near-term directional triggers are 7.5426, Jan 18 high and 7.2406, Jan 7 low are.
  • USDRUB maintains a firmer posture following recent gains. The focus is on 75.9104, the Dec 22 high.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

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.