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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- Selling pressure on Polish equities has been elevated this week as the surge in price volatility in the past two days has left risky asset vulnerable.
- WIG20 broke below its 2,028.60 support today, which represents its 38.2% Fibo retracement of the 1,781 – 2,429 range.
- The index is down over 6% this week; next key support to watch on the downside stands at 1,934 (23.6% Fibo).
- The hawkish repricing in NBP terminal rate also continues to price in a more rapid deceleration in the economic activity.
- FRA 6Mx9M broke above the 7% level this week and is currently trading at 7.35% (vs. 6% at the start of the month).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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