Free Trial
ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • The NBP decided to follow consensus and hike the policy rate by 50bps to 1.75% even though inflation continued to surprise positively in November.
  • The worsening outlook due to the rising Covid uncertainty resulted in a ‘less aggressive hike’ in today’s meeting, which has been weighing on the PLN.
  • Policymakers are now split between elevated inflationary pressures and a worsening economic outlook.
  • As the uncertainty over the policy outlook keeps rising, selling pressure on PLN could remain elevated in the near term, which will support inflation expectations.
  • EURPLN has been trending higher following the decision, breaking above the 4.60 level and currently trading at the high of its 3-day range. Next support to watch on the topside stands at 4.6230.