Continued EURUSD shorts

Monday blues and reds on Gold

Ethereum buys from the support level

Chainlink another buys from the support

Rising Wedge

Falling Parallel Channel

Rectangle Pattern

Ripple to be bought again

Bitcoin buys from support retest

DJ30 shorts from the top

Still short on Gold

Another shorts on EURUSD

Another bearish shot on EURUSD

DJ30 at a weekly resistance level

Symmetric Pattern

Falling Wedge

Unusual price action on Gold

AUDUSD buys from support

Range Bound

Ascending Triangle

Rising Parallel Channel

Faling Wedge

Opportunity Ahead

美元疲软，黄金价格继续冲刺

澳洲CPI今晚发布，数据面动能短线回落

DJ30 buys from 35100

GBPJPY at the resistance level for sells

Breakout of Falling Parallel Channel

Pennant

Book full Profit

黄金继续受到美元走软利好，站稳2000并继续向上冲刺

美元地位冲高回落，整体动能依然偏空

EURUSD is at a resistance

Gold at a weekly resistance

Round 2 on Ethereum

Chainlink in a bullish trend

Hop on to XRP before its late

Bitcoin just broke out from the trendline

AUDUSD to sell from 0.6570

Another scale in on shorts on GOLD

Tesla buys from 233

Brent at 82.70

Flag And Pole

Huge XRP Weekly Megaphone Structure Revealed. Huge Moves Ahead!

Gold down after breakout sells

GBPJPY has a trendline breakout sell

DJ30 still bullish

Bullish shots on EURUSD from 1.0885

GOLD double bottom formation

Double Pattern Formation

Ethereum at 1955

Chainlink gaining momentum

The Honest Forming Falling Wedge

Book Full Profit

Book Partial

XRP going to be another bullish magnificent

Bitcoin in a bull run

USDJPY Yearly High Rejection - US Dollar Weakening

Bitcoin Bulls Reclaimed A Crucial Weekly Ready For More Upside!

Cup & Handle breakout

Falling Wedge breakout on the upside

Symmetric Pattern breakdown

Marriot forming Rising Wedge

The Hungarian forint weakened past 350 per USD, depreciating 5.2% since hitting a 15-month high of 336 on June 21st amid signs of deepening stagflation in the Hungarian economy. Concerns over the downward trajectory of the country’s economic health were exacerbated after a batch of dismal data dimmed chances of an immediate recovery from the current recession. June PMI data pointed to the sharpest manufacturing contraction since the start of the pandemic, while retail sales tanked 12.3% and industrial production sank 6.9% in May. The figures followed three consecutive quarters of contracting GDP since Q3 of 2022, forcing the Hungarian National Bank to cut the interest rate on its new overnight deposit facility despite failing to bring inflation below the 20% mark, the highest in Europe. The conundrum drove PM Viktor Orban’s government to consider raising the 3% inflation rate target, risking authorities’ credibility and magnifying pressure on the forint

Hungarian Forint Sells Off

The Hungarian Forint jumped over 2% to trade at below 430 per USD after the National Bank of Hungary hiked its overnight collateral lending rate by 950 basis points to 25% in an emergency meeting on Friday. The NBU also created a new one day deposit facility offering interest of 18%, effectively substituting the base policy rate of 13%. Additionally, the central bank also made their foreign currency reserves available to cover soaring costs of energy imports. The moves were made to support the plunging currency after Hungarian Prime Minister Viktor Orban asked the national bank to control runaway inflation, sparking a rebound after the forint hit its record low of 445 per USD on October 12. Despite the rebound, the currency has declined over 23% so far this year as soaring inflation and the deteriorating macroeconomic backdrop pressured currencies of the European eastern bloc.

Hungarian Forint Strengthens

The Hungarian forint strengthened towards 397 per USD, after briefly hitting a record low of $407.2 as the central bank raised the borrowing costs to support the currency, culminating with a 200bps increase in the one-week deposit rate to 9.75% on July 7th. However, the currency lost more than 20% since the start of the year as worsening external balances, uncertainty over EU funds and rising recession fears led investors flee from risky domestic assets. Hungary is still battling with the aftermath of election spending that worsened both budget and balance of payments deficits at a time when the country’s foreign currency reserves already trail some of its regional peers. Moreover, Prime Minister Viktor Orban’s continued stand-off with the EU over graft and rule of law concerns has delayed disbursement of much needed USD 37.7 billion bloc’s funding, further deepening the sell-off in the forint.

Hungarian Forint Rises Slightly After Rate-Hike

The Hungarian Forint traded past 360 per USD, not far from a record low of 375.8 reached on May 16th, subdued by prospects of higher taxes and Viktor Orban’s tightening grip on power. The Hungarian Prime Minister mentioned plans to slap taxes on what he called “extra profits” in several economic sectors, from finance, to retail, and even airlines, in order to compensate for lack of EU funds, while financing utility price cuts and the modernization of Hungary’s armed forces. The latest development came after his government declared a state of emergency earlier this week, which would allow Orban to approve measures by decree. The forint has shed roughly 10% since Orban’s landslide victory on April 3rd parliamentary elections, which secured him his fourth consecutive term as prime minister.

Hungarian Forint Close to Record Low

US Dollar/Hungarian Forint

USDHUF

Technical Analysis

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Vasl Capital

Continued EURUSD shorts

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Monday blues and reds on Gold

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Ethereum buys from the support level

Vasl Capital

Chainlink another buys from the support

KUNAL KAMBLE

Rising Wedge

KUNAL KAMBLE

Falling Parallel Channel