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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
- Poland 2Y10Y yield curve continues to crater this month, currently pricing in a significant deceleration in the economic activity in the months to come.
- This chart shows that the 2Y10Y yield curve has strongly led the industrial production (proxy for economic activity) by 6 months in the past two decades.
- Hence, elevated inflationary pressures combined with the surge in recession risks have led to a plunge in consumer confidence indicator, which fell to an all time low in June.
- As a result, the current macro outlook should continue to maintain implied vol elevated in risky assets in the near to medium term.
- WIG20 Index has been retracing higher this week after finding support at the 1,652 level on Friday; ST resistance to watch on the topside stands at 1,804.50 (50DMA). On the downside, support to watch below 1,652 stands at 1,600.
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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