Intraday Analysis from FXMarketAlerts.com
Receive FREE Weekly Strategies.Published at 07:03 (GMT) 05 Sep
Post NFP movements extend as Asia caught up, hence the knee-jerk risk on rally in the CEE space shall not come as a surprise. Limited local corporate activity reported so far, a good part of the price action still seems to be driven by offshore accounts stopping or closing positions, an offshore fund said offering EUR/HUF but EUR/PLN looks more active as robust fundamentals support (re)emerging risk on trades - technical support for now at 3.9220 followed closely 3.9125. Locally nothing on the agenda in either Hungary or Poland, most of the activity is likely to be concentrated to the early hours, given the US holidays. GA
