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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
- PLNJPY Has been retracing sharply lower this week amid strong PLN depreciation following Russia’s decision to cut off gas to Poland.
- PLNJPY broke below the 29 level yesterday and is approaching its ST support at 28.55 (March 28 low).
- Next key support to watch on the downside stands at 28.3510 (200DMA), followed by 28.1820, which corresponds to the 38.2% Fibo retracement of the 24.9330 – 30.1910 range.
- CEE currencies remain very sensitive to the Russia/Ukraine development despite central banks hiking aggressively to ease inflationary pressures.
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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