Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Romania

Long Term Bullish

December 2005 | Currency Forecast

Recent price action in RON/EUR has formed a pendant formation on the daily chart, with an apex at RON3.6400/EUR. A break-out is possible over the coming days. A breach of RON3.6000/EUR or RON3.5000/EUR would set the short- term

Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.

[
: *
[
: *

Forgotten your password?

If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.

Free Trial to EMM

Free Trial to EMM - Register here for your FREE 7-day trial to Emerging Markets Monitor!

TAKE A TRIAL >>
Related Monitor Articles
Heading To RON3.4400/EUR

Economy / Romania Having firmly broken through a key resistance level on April 4, the Romanian leu has continued to appreciate, at one point trading at RON3.6185/EUR on June 5. This reduces the unit's loss to 0.58% ytd,...
June 2008
Bearish RON/EUR In The Short-Term

Economy / Romania Hitherto, we have highlighted the stability offered to the Romanian banking system by significant capital injections from Western banking groups. This has prevented a classic asymmetrical banking system...
February 2008
Slow Progress To RON3.000/EUR

Economy / Romania The leu has been treading water since January, but we believe there is still upside potential for the unit: our end-year forecast is RON3.280/EUR. A break of this level would set up the next leg on the...
March 2007
Appreciation To Slow

Economy / Romania We have been bullish on RON/EUR for two years now, and on top of the appreciation, the trade has delivered a very appealing level of carry to boot. We expect both these trends to continue, and with the...
November 2006
Long Term Potential

Economy / Romania The unit has been unable to make a firm break through very strong resistance in the RON3.5000/EUR area. We think that the unit can close the year strongly, and post gains over 2007. In the case of a...
September 2006


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2008 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS