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GOLD TECHS

Bullish Price Sequence

WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Price Structure Remains Bullish

USDCAD TECHS

Bearish Focus

AUDUSD TECHS

Corrective Pullback

EURJPY TECHS

Needle Still Points North

POLAND

Glapinski's speech:

  • sees no risk of polish inflation surging, `tremendous' pressure on zloty appreciation
  • inflation is broadly in line with polish c.bank goal
  • polish central bank to continue with large-scale qe
  • Excess liqudity in polish banking system significant
  • possible to cut polish rates below zero
  • NBP is analyzing rate cut
  • polish cut would need radical worsening of economy
  • Poland still has `wide room' to cut interest rate
  • Most likely polish rates won't change for next 2 yrs
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com