Analytics

Forex News

Forex

EUR/HUF expected lower in 12-month – Danske Bank Pablo Piovano

11:23 23 May /2016 Forex

Jakob Christensen, Head of EM Research at Danske Bank, expects the Hungarian Forint to advance further within a year’s time.

Key Quotes

“Due to a combination of looser monetary policy and weakening economic growth, the HUF has weakened slightly more than expected”.

“We could see further weakening of the forint as we approach the UK EU referendum in June”.

“However, in the base case of the UK staying in the EU, we expect a gradual strengthening of the forint over the next year as growth is also expected to strengthen”.

“Hence, we forecast EUR/HUF at 317 on 1M, 312 on 3M-6M and 310 on 12M”.

to other news

all news
RBA's Governor Lowe states global economy firmer footing Ross J Burland

Lowe is upbeat on the global economy and said the current rate is consistent with reaching the CPI goal when taking questions in front of the House of Representatives' Standing Committee on Economics.Lowe does not see the rate of inflation falling any further and the reduced unemployment rate should

02:00 24 February /2017 Forex

NZD/USD sitting on key support, eyes 0.73 handle Ross J Burland

Currently, NZD/USD is trading at 0.7230, up 0.03% on the day, having posted a daily high at 0.7234 and low at 0.7228.NZD/USD is consolidated after meeting highs overnight at 0.7246 in an extension of the rally from 0.7140 and through and away from

01:46 24 February /2017 Forex

US data reviewed: steady downtrend in Initial jobless claims - Nomura Ross J Burland

Analysts at Nomura offered a review of the Initial jobless claims.Key Quotes:"For the week ending 18 February, initial jobless claims were up 6k to 244k, and the prior week was lowered to 238k from 239k. The 4-week moving average was 241k, down 4k from the previous week's revised av

01:23 24 February /2017 Forex