USDHUF long, break above 61.8 fib level, EM market weakness play

HUF is an emerging currency, with no positive carry value -> risk-off sentiment = sell HUF
The economy is export driven, weaker HUF does not hurt the government in the short run
Monetary policy divergence got stronger

Cons:
- NBH can decide to verbally intervene in the HUF market especially because of EURHUF rate

עסקה פעילה:

Im in the position, expect to see a pullback around 285-287 level based on market sentiment shifts. Expect MNB will stay put, verbal intervention only above the 300 handle....