HUF may strengthen against EUR, Raiffeisen says, as a slight correction is likely to arrive after five days of weakening, adding HUF is now extremely over-sold. HUF may also benefit from limitations introduced in a
government debtor bailout plan involving exchange rate fixing that could well hit the financial sector heavily. In the past few days the government plan of action weighed heavily on HUF. Raiffeisen expects EUR/HUF to be traded around 288.1 Thursday. EUR/HUF is 288.71 vs 287.34 late Wednesday.
Elliottwave
(Video) Bob Prechter Explains 'Triple Top' Forming in U.S. Stock Market
This excerpt from the special video issue of the August Elliott Wave Theorist brings you Bob Prechter’s analysis of the triple top that has been forming in the U.S. stock market over the past 12 years. Watch as Bob himself explains what this pattern means for you and the markets.
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You’ll get a glimpse into the in-depth analysis Robert Prechter presents each month in his Elliott Wave Theorist with 3 excerpts from his most recent issues.
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Read Bob Prechter's FREE report "Reality Check: Studying the Past to Bring Clarity to the Future."
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