Analytics / Forex News
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.
“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 newsall news
Analysts at Nomura explained that the ECB extended the APP by nine months to last until at least December 2017, with the pace of purchases reduced to EUR60bn starting from April 2017.Key Quotes:"On technical parameters, the ECB extended the maturity bucket and removed the deposit ra
23:00 08 December /2016 Forex
Analysts at Westpac offered a market wrap.Key Quotes:"Global market sentiment: The US dollar and equities rose after the ECB extended its QE program, hurting AUD/USD and NZD/USD.Interest rates: US 10yr treasury yields rose from 2.34% to 2.42%, while 2yr yields rose from 1.09% to 1.1
22:46 08 December /2016 Forex
Analysts at Scotiabank explained that the domestic data releases for Japan were roundly disappointing.Key Quotes:"Japan Q3 GDP was revised lower to 0.3%, below the preliminary estimate of a 0.5% gain. Revisions suggest the economy was on a more solid footing earlier n the year but t
22:23 08 December /2016 Forex