380.740USD
Today
-0.02%
5 Days
-0.09%
1 Month
-0.68%
6 Months
-4.14%
Year to Date
-0.68%
1 Year
-6.60%
Opening Price
380.820Previous Closing Price
380.800The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The configuration is negative.
above 381.62, look for 382.35 and 382.78.
the downside prevails as long as 381.62 is resistance
Commerzbank's report by Tatha Ghose, analyzes the Hungarian Forint's (HUF) performance amid economic challenges. Despite a recent recovery following a dovish central bank stance, disappointing GDP growth figures raise concerns about the currency's future.
The National Bank of Hungary maintained its tone during a recent meeting, with no immediate indication of rate cuts. However, the market reaction suggests a green light for potential cuts in February, especially if January inflation data supports this.
The National Bank of Hungary is expected to maintain rates at 6.50% in its upcoming meeting, with a potential rate cut anticipated in February. Analysts at ING note that the market sees a 60/40 chance in favor of a rate cut, influenced by January inflation data.
Hungary’s central bank kept rates unchanged but struck a notably dovish tone, opening the door to rate cuts and pushing markets to price in deeper easing, with EUR/HUF facing renewed upside pressure, ING's FX analyst Frantisek Taborsky notes.
Markets welcomed Moody’s decision to maintain Hungary’s sovereign rating with a negative outlook, seeing the risk of a downgrade as already priced in after higher fiscal targets were announced.
The National Bank of Hungary is expected to keep its policy rate at 6.50% for a 14th straight meeting, maintaining a hawkish stance as inflation remains above target.
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