News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • The US Dollar faces its next key tests against ASEAN FX following gains in USD/SGD, USD/IDR, USD/PHP and USD/THB. Are the breakouts losing momentum? Get your market update from @ddubrovskyFX here:https://t.co/joPnWIcxEN https://t.co/4QAlUyD98V
  • Heads Up:🇨🇳 National People's Congress due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-03-06
  • Positive vaccine progress, fiscal stimulus hopes and an unperturbed Federal Reserve may open the door for long-term Treasury yields to continue pressing higher, and in turn weigh on gold prices. Get your market update from @DanielGMoss here:https://t.co/TdGhZ82s8r https://t.co/w6YS6Gl11K
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.07% 🇨🇭CHF: -0.24% 🇳🇿NZD: -0.36% 🇬🇧GBP: -0.41% 🇪🇺EUR: -0.50% 🇦🇺AUD: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EK7xQumFxO
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.33% Gold: 0.21% Silver: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/P7gJseotDu
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.46%, while traders in GBP/JPY are at opposite extremes with 68.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/74GpZteOGK
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.15% France 40: 1.09% Germany 30: 0.92% Wall Street: 0.01% US 500: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/CjZTVpoYZr
  • Waiting around in the Mickey Mouse Clubhouse when the realization hits that those GenZ traders were talking about a different Clubhouse...
  • The price of oil trades to a fresh yearly high ($65.77) as the Organization of the Petroleum Exporting Countries (OPEC) and its allies continue to regulate production. Get your #crudeoil market update from @DavidJSong here:https://t.co/haIlCw8doA https://t.co/UYYTrt3gZc
  • 🇺🇸 Consumer Credit Change (JAN) Actual: $-1.31B Expected: $12B Previous: $8.8B https://www.dailyfx.com/economic-calendar#2021-03-05
Sentiment Fades in Hungary Despite Labor Force Improvement

Sentiment Fades in Hungary Despite Labor Force Improvement

Walker England, Kara Dailey,

Talking Points:

  • Economic Sentiment in Hungary falls from 0.2 to -2.9
  • 4th quarter Unemployment Rate drops 1.8 pp to 7.1%
  • USD/HUF consolidates under 2015 High

Despite the 4th quarter’s unemployment rate falling below the long-term average, Hungary’s Economic Sentiment Index has dropped to the lowest level in 5 months. With GDP expected to expand at an annual rate of just 2.0% (down from 3.2% in 2014) both business and consumer confidence has faded, dragging the overall index down to

-2.9.

Business Confidence was nearly halved in January, dropping from 8.1 to 4.4. Within the business sphere, the Construction Index fell to its lowest point in 10 months while the Trade Index declined more sharply in January than in December. The change in consumer confidence was more drastic; the index fell to -23.8—a level similar to that of fall 2013. The nation’s financial situation and savings capacity were assessed as worse by consumers while thier unemployment concerns increased. The latter concern perhaps out of place given the 4th quarter‘s employment results.

Headline unemployment fell 1.8pp to 7.1% in the 4th quarter, contributing to the 2.5% decline in the annual unemployment rate (7.7%). Year-over-year all age groups within the index saw the following improvements: ages 15-24 unemployment fell by 5.8%, ages 25-54 unemployment fell by 1.7%, and ages 55-64 unemployment fell by 1.5%.

USDHUF Daily Chart

dailyfx US Dollar Hungarian Forint daily chart January 2015

Chart Created by Walker England Using MarketScope2.0

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES