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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
- Momentum on Polish equities has been fading this month after WIG20 index rejected its 2,246.85 resistance several times in the past two weeks (23.6% Fibo of the 1,496.80 – 2,478.60 range).
- WIG20 index currently trades below its 200DMA (2,218.80) and could reach new lows in the near term as selling pressure on PLN remains elevated.
- Next key support to watch on the downside stands at 2,103.50 (38.2% Fiho retracement).
- A break below that level would open the door for a move down to 2,000.
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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