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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX! https://t.co/lxd5fZnn4H
  • (Weekly Fundamental Outlook) The medium-term #gold outlook still seems favorable as the #Fed, ECB and more keep rates around 0. Immediate event risk ahead includes the RBA and BoC interest rate decisions, US jobs data and #Brexit talks #XAUUSD - https://www.dailyfx.com/forex/fundamental/forecast/weekly/chf/2020/05/30/Gold-Prices-Face-RBA-BoC-ECB-US-Jobs-Data-and-Brexit-Talks.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/m8sRNc4L5H
  • U.K. Eurozone Czech Poland Germany Italy France Spain Indonesia Hong Kong Singapore Japan Unemployment stats: US Eurozone
  • Hello there, traders! Heads up: we have got a data-packed week ahead of us. Here are the highlights: Central bank rate decisions: - BOC - ECB Markit PMI data out of: China US Vietnam Malaysia South Korea Philippines Thailand Taiwan India Turkey (continued⬇️)
  • The European Commission proposed an ambitious recovery fund, containing the key parts of the Franco-German aid package with grants at EUR 500bln and loans at EUR 250bln. Get your $EURUSD update from @JMcQueenFX here: https://t.co/LmIaveRajb https://t.co/LWTBVLIDBf
  • The trio of central banks overseeing the commodity currencies have already cut their main rates to all-time lows. Get your market update from @CVecchioFX here: https://t.co/OSUXrN5P3j https://t.co/3nwDel6e28
  • The tension from March continues to subside, allowing for the $USD to slide to fresh two-month-lows. Get your currencies market update from @JStanleyFX here: https://t.co/bRSRjUqg6Z https://t.co/Q35YpIZEd2
  • López Obrador hopes #USMCA will help tighten trade relationships between the US and Mexico. Get your currencies market update from @HathornSabin here: https://t.co/bZrUKSCGaS https://t.co/MZ7UoiWWRj
  • The $AUD may suffer as relations between Australia and China deteriorate amid dwindling growth prospects. Euro traders will be closely watching progress in talks about a €500b recovery fund proposal. Get your market update from @ZabelinDimitri here: https://t.co/LkEFJViPWY https://t.co/sofO135ElG
  • The US Dollar could rise against #ASEAN currencies such as the Singapore Dollar as US-China tensions seem to escalate. The Indian Rupee is also looking ahead of local 1Q GDP data. Get your ASEAN currencies market update from @ddubrovskyFX here:https://t.co/LkEFJViPWY https://t.co/ZGFaQQ3Hr2
HUF Depreciates Following Trade Balance Announcement

HUF Depreciates Following Trade Balance Announcement

2015-02-02 20:55:00
Michael Romero,
Share:

Talking Points:

• HUF Falls After Trade Balance Announcement.

• Hungary Posts Positive Trade Balance In November 2014

The Hungarian Forint posted a depreciation against the USD as Hungary announced a significant trade surplus of EUR 843.1 million in November 2014 compared EUR 831.8 million in October 2014 according to the Hungarian Central Statistical Office on Tuesday.

In the eleventh month of 2014 both imports and export volume increased by 5.0 percent compared to the same period of the previous year. Import and export volume increased 8.2 percent and 6.7 percent respectively for the months leading up to November 2014. In November 2014 exports totaled EUR 7.6 billion (HUF 2,337 billion) while imports were not far off, coming in at EUR 6.8 billion (HUF 2,078 billion). As a result the surplus was EUR 843.1 million (HUF 259 billion), EUR 87 million more than when compared to November of 2013.

Trade growth stemmed from a variety of factors, exports of machinery and transport equipment increased by 7.9 percent, with imports rising 7.1 percent compared to the eleven month period in 2013. Trade of road vehicles led the way with exports and imports rising by one-third and one-fourth respectively, compared to the base period. Passenger car exports and imports of motor vehicle parts increased dramatically as well. In addition to this, trade of electrical machinery, apparatus and appliances, grew by one-tenth for both exports and imports.

Exports and imports of manufactured goods also increased in the first 11 months of 2014 by 6.8 percent and 9.1 percent compared to the period of January 2013 to November 2013. Exports of professional, scientific and controlling instruments and apparatus grew by one-tenth, with imports of rubber manufactures, manufactures of metals, non-metallic mineral manufactures and leather also increasing by the same amount.

Imports of fuels and electric energy were 12 percent larger than the figures that came out of 2013. Imports of petroleum, petroleum products and related materials were 5 percent larger than the same period in 2013.

Trade in the food, beverage, and tobacco sector experienced a 2.9 increase in exports and 5.3 increase in imports compared to January 2013 to November 2013. Due to falling wheat prices, exports of cereals and cereal preparations were lower in the last three months than in the base months, however were higher over the course of the entire period.

HUF Depreciates Following Trade Balance Announcement

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

DISCLOSURES

News & Analysis at your fingertips.