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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
- USDHUF ticks higher this morning after receiving support at 310; next resistance to watch on the topside stands at 312.50, followed by 315. On the downside, next support to watch below 310 stands at 308.60.
- EURHUF ticks higher this morning, currently trading slightly below the 360 level; next resistance to watch above that stands at 363.40. On the downside,. First support stands at 358.50, followed by 356.80 (50DMA, 200DMA).
- CZKHUF tested a new record high at 14.2825 earlier following last week's aggressive CNB 125bps hike; the pair is up nearly 2% since the start of the month. First support to watch on the downside stands at 14.20, followed by 14.1790.
- HUFJPY ticks higher this morning after finding support at 36.41 earlier. The pair is currently trading slightly below its 200DMA at 36.56 (200DMA); next level to watch above that stands at 36.67 (100DMA). On the downside, key support to watch stands at 36 (scale*100).
- PLNHUF has been oscillating between 78 and its 200DMA resistance (78.33) in the past few days. Next resistance to watch above that stands at 78.75. On the downside, first support to watch below 78 stands at 77.78 (100DMA).
- GBPHUF ticks higher this morning after receiving support slightly below its 50DMA at 418.61; a break below that level would have opened the door for a move down to 416.40 (100DMA). On the topside, first resistance to watch stands at 421.10, followed by 425.70 (chart below).
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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