Tag Archives: EUR/HUF
GBP/USD & EUR/JPY at important levels and must be monitored
EUR/USD: There is not much for near-term bears to hinge their hopeson – yet. Cautious advance is still on and resistance in the1.3645\90 area may be scanned.
Central European Daily
The forint hits 2-week low Koruna remains stable Although immediate reaction of the forint to the 16th rate cut in a row was limited on Tuesday,
Central European Daily
NBH cut base rate to new all time low… … forint remains stable The National Bank of Hungary cut the base rate by 20bp from 3.4 % to 3.2 % in line with prevailing market expectations.
Central European Daily
The CNB sold 200bn Czech korunas in its interventions The NBH to cut rates to new historical lows The Czech National Bank has sold 200 bn CZK in its intervention and thus increased its FX reserves by more than 20% (to EUR 41bn) in two weeks.
Technician
EUR/USD: Short-term momentum remains pro-decline (ROC20), but medium-term dynamics are clearly changing towards pro-growth momentum.
Central European Daily
Czech central bankers defend their decision Promising talks about the new Czech government Two issues have captured attention of the Czech media in recent days:
Commodity currencies continues to be sold off
EUR/USD: The 1.3488 bounce probably completed the mid bodycorrection in just one session (instead of the more normal 2-3 periods) hence downside pressure is now expected toreturn.
Central European Daily
Mateusz Szczurek becomes a new Polish FinMin CNB does not plan to change the floor for the EUR/CZK In a Polish government´s reshuffle yesterday, Mateusz Szczurek replaced the head of the Ministry of Finance, Jacek Rostowski.
Dollar’s hot, euros not. Sell commodity currencies.
EUR/USD: So with the final pop up, spiking above the 55d ma band theeight and a half day long correction finally came to an end.
Central European Daily
Czech koruna weakened on central banker’s comments Poland to reshuffle the government A few words of a CNB board member Lubomír Lízal were enough to push the Czech koruna to a 4-1/2 year low yesterday.
NOK going weaker again? Stock markets look vulnerable. CRB lower.
EUR/USD: The correctional ascent has reached the starting point of themost recent more notable drop and this area ought toattract sellers once again