Decline to persist on a move below 391 – SocGen
EUR/HUF’s correction is set to extend if 391 gives way, analysts at Société Générale report. 404 must be reclaimed to negate the break “The HUF is outperforming in CEE4 this year, and the thawing of relations with the EU means the currency could stay in demand.” “EUR/HUF recently confirmed a Head and Shoulders pattern and […]
USD/JPY holds to weekly gains near 130.00, high volatility to persist
Japanese Yen among worst G10 performers after BoJ status quo. US Dollar mixed between higher yields and risk sentiment. USD/JPY attempts recovery, still limited below the 20-day SMA. The USD/JPY moved off daily highs during the American session on Friday, pulling back under 130.00. The pair peaked at 130.60, the highest level in two days. […]
China property sector woes persist – new home prices fall again
Data for China’s December new home prices down 0.25% m/m down 1.5% y/y On Friday I posted on further support for the sector: China will loosen restrictions on Chinese developers’ financing with changes to the “Collective management system for real estate loans” on banks and also on the “Three Red Lines” policy. China will add […]