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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
- Volatility in the Polish bond market has been rising in the past two days ahead of July CPI preliminary print coming out tomorrow (July 30).
- Inflation is expected to accelerate to 4.7% YoY according to sell-side estimates, up from 4.4% the previous month.
- Even though three policymakers (out of eight) voted for a rate hike in June, the majority of the board is still in favor of keeping interest rates low in order to stimulate the economic recovery.
- Poland 10Y yield have been retracing higher in the past two days, breaking above its key resistance at 1.67%, which represents the 38.2% Fibo retracement of the 1.14% - 2% range and the high of the LT downward trending channel.
- Next resistance to watch on the topside stands at 1.73% (50DMA), followed by 1.79% (23.6% Fibo).
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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