MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Fed's Barkin Wants Continued 25BP Hikes

MNI BRIEF: Fed's Bowman Says More Rate Hikes Needed

MNI DATA FORECASTS: Flash PMIs Upcoming

EZ/UK Bond Supply Calendar: Potential ESM / Slovenia Synds

MNI: CANADA JAN INDUSTRIAL PRICES +0.4% MOM; EX-ENERGY +0.4%

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Building Base for Recovery

US TSY FUTURES

BLOCK, Late 10Y Sale

AUDUSD TECHS

Pullback Nears Support

US TSYS

Tapped Out on Pricing in Hikes For Now

US TSYS

Late SOFR/Treasury Option Roundup

US

FED Reverse Repo Operation

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

TECHS: CEEMEA FX Price Signal Summary: USDRUB Needles Still Points North

EMERGING MARKETS
  • EURHUF remains vulnerable and the cross is still pressuring trendline support, at 358.90 today. The trendline is drawn off the Jul 31, 2020 low.
    • The cross has cleared 360.35, 61.8% of the rally between Feb 2 and Mar 18. This exposes 358.25, the 76.4% level that has been probed today.
    • A clear breach of both the trendline and 358.25 would highlight scope for an extension of the current bear leg and open 354.87, the Feb 2 low.
    • Resistance is at 363.87, Mar 31 high.
  • EURPLN remains on the back foot as the cross trades lower and extends the reversal from 4.6800, Mar 29 high.
    • 4.5508, 61.8% of the Feb 10 - Mar 29 rally has been breached and this opens 4.5202, the 76.4% level.
    • On the upside, resistance is at 4.6088, Apr 5 high.
  • USDZAR maintains a bearish short-term tone following the recent move lower from 15.5726, Mar 8 high and the extension this week. Attention is on 14.3966, Feb 24 low. Initial resistance is at 14.8703, the 50-day EMA ahead of 15.1000, Mar 26 high.
  • USDTRY is consolidating but maintains a bullish tone with attention on key resistance at 8.4704, Mar 22 high. A break of this hurdle would open 8.5793, the Nov 6 high and an important resistance. Key support has been defined at 7.6958, Mar 22 low.
  • USDRUB traded higher Wednesday registering a high print of 78.0406 before pulling back. 77.7370, 61.8% retracement of the Nov 2020 - Mar downleg has been probed. A clear break would open 78.9651, the 76.4% retracement. 75.2275 marks support, Mar 31 low.
EM BulletHomepagemarkets-real-timeBulletEmerging Markets News

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.