The Hungarian national bank will not change its current interest rate, and inflationary pressures will further push the HUF into a higher zone.
I think the Bank of England will streghten the GBP today morning.
The GBP/HUF is also on lows, so I think the GBP has to change it's position. I hope the UK government can add positive support for GBP with the exit communications.
It's very difficult to shoot the highest point, but it is still a good entry point for SHORT now.
The bottom at around ~111.63 has confirmed and formed a new bottom around ~112.00. I hope the USD could be stronger to hit new highs.
I opened a quick short position on Gold to 1208-1210.
By reaching the zone, the price have to choose from two way. I see it more likely a short from this zone.
Check the chart and be afraid if the price drop down.
We reached the correction target, so the coffee is ready to look for new lows, probably around ~93-94
Hungarian interest rates were not changed by the national bank. The exchange rate may rise due to migration news also.
Last Friday I saw a rebound, but I think it's only temporary. Please comment my idea!
If it happends it can make a good profit. Please, comment my idea.
Buy today, sell the day after tomorrow