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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
- EURPLN has been consolidating lower in recent days after testing a local high at 4.7420 on Tuesday.
- CEE currencies have been experiencing strong selling pressures in November as the uncertainty over the economic outlook has been rising.
- RSI 14D indicator showed earlier this week that EURPLN was 'overbought' and broke slightly above the high of it LT upward trending channel.
- Support to watch on the downside stands at 4.6150 (50DMA), followed by 4.5660 (200DMA).
- Selling pressure on CEE could remain elevated in the coming weeks against the USD as falling growth expectations and rising uncertainty will push preference for 'safe' assets such as the greenback.
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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