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EUR/PLN Seen In Vicinity Of 50-EMA

PLN
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EUR/PLN failed to stage a sustained break above its 50-EMA yesterday and last operates -61 pips at 4.2743, just shy of that moving average (last seen at 4.2916). A move through there would open up the 4.30 figure. Bears see the 4.25 area as the initial layer of support.

  • Liquidity may remain tighter today, given that the ongoing trading session is sandwiched between a public holiday and the weekend.
  • POLGBs are firmer, yield curve runs steeper today. The WIG20 Index has snapped its losing streak and edged higher this morning.
  • The Finance Ministry will publish its monthly debt supply schedule this afternoon.
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EUR/PLN failed to stage a sustained break above its 50-EMA yesterday and last operates -61 pips at 4.2743, just shy of that moving average (last seen at 4.2916). A move through there would open up the 4.30 figure. Bears see the 4.25 area as the initial layer of support.

  • Liquidity may remain tighter today, given that the ongoing trading session is sandwiched between a public holiday and the weekend.
  • POLGBs are firmer, yield curve runs steeper today. The WIG20 Index has snapped its losing streak and edged higher this morning.
  • The Finance Ministry will publish its monthly debt supply schedule this afternoon.