Free Trial
US TSY OPTIONS

Low Delta 5Y Put Buy

US TSYS/SUPPLY

Review $48B 5Y Note Auction: Small Tail

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

FX TECHS: PLN Weakness Extends

EMERGING MARKETS
  • EURPLN is firmer again this morning. The cross has cleared a host of key resistance levels that have capped gains over the past year. These are:
    • 4.6342 Mar 24, 2020 high and
    • 4.6558 Oct 27, 2020 high
  • The break higher confirms a resumption of the underlying broader uptrend that started mid-Jan 2020.
  • This paves the way for a climb towards the 4.7000 handle, with scope too for 4.7458, the Mar 30, 2009 high.
  • Initial support lies at 4.6247, Mar 26 low.
  • USDPLN is approaching key resistance at 3.9717, Oct 29 2020 high. A break would open 4.0021, Jun 22, 2020 high.
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.