CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

TECHS: CEEMEA FX Price Signal Summary: EURHUF Gains Signal A Reversal

EMERGING MARKETS
  • EURHUF maintains a firmer tone following this week's gains and the extension higher from 347.82, Jun 23 low. Key resistance at 356.57, Jun 22 high has been cleared signalling a reversal of the recent downtrend. This opens 360.02, 61.8% of the Mar - Jun downleg. Initial support is seen at 652.94, the 50-day EMA.
  • EURPLN outlook is unchanged. The cross rallied between Jun 7 - 18. This continues to highlight a bullish theme and signals scope for a stronger short-term recovery. A resumption of strength would open 4.5868, 61.8% of the Mar 29 - Jun 7 downleg and 4.5931, Apr 28 high. Support to watch is at 4.4872, Jun 14 low.
  • USDZAR outlook remains bullish. The focus is on 14.5434, May 4 high. Key short-term support has been defined at 14.0212, Jun 25 low. The recent break of the key trendline resistance drawn off the March 2020 high highlights a potentially important bullish reversal.
  • USDTRY is unchanged and continues to consolidate. Trend conditions remain bullish and attention is on 8.8008, Jun 2 high. A break would open 8.9657, 2.00 projection of the Feb 16 - Mar 9 - Mar 19 price swing. Key support lies at 8.2860, Jun 11 low. Initial support is at 8.5986, Jun 23 low.
  • USDRUB continues to appreciate. The pair has recently traded through the 50-day EMA and a number of retracement levels have been tested and breached. The focus is on 75.5628, 61.8% of the Apr 7 - Jun 11 sell-off. 73.1595, the Jul 6 low low marks support.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
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.