Free Trial

Core CPI To Accelerate To 4.7% in November

POLAND
  • Yesterday, economic data showed that current account deficit came in larger than expected at -1.79bn EUR in October (vs. -0.9bn EUR exp), increasing from -1.34bn EUR the previous month.
  • Today, Polish MPC member Grazyna Ancyparowicz takes part in seminar on inflation (BBG).
  • Next economic data to watch is Core CPI coming out on December 16, expected to accelerate to 4.7% YoY in November (up from 4.5% the previous month).
  • EURPLN has been consolidating lower in the past two days, breaking below its 50DMA this morning; next support to watch on the downside stands at 4.5950 (100DMA). On the topside, ST resistance to watch stands at 4.65.
  • Poland 10Y yield has been retracing gradually higher in the past few days after finding support at the 3% level last week; ST resistance to watch on the topside stands at 3.31%. On the downside, next support to watch below 3% stands at 2.93% (50DMA).

To read the full story

Close

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.