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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 retracing sharply higher this week, finding resistance slightly above the 4.8030 level, which corresponds to the 38.2% Fibo retracement of the 4.4830 – 5.0020 range.
- Next level to watch on the topside stands at 4.83 (LT downward trending resistance line).
- On the downside, support to watch stands at 4.7420 (50% retracement).
- The PLN weakness continues to leave Polish equities vulnerable in the near term; WIG20 index is down over 30% since it January high.
- Key support to watch on the downside 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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