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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
- In the EM market, we have noticed the existence of a strong 'Pavlovian' relationship between the equity market and the currency, where usually periods of currency strength are associated with higher equity prices.
- This chart shows the strong relationship between Polish equities (WIG20) and the USDPLN exchange rate (inverted).
- In recent weeks, traders have been chasing the PLN as speculation over an early NBP move has been rising due to growing concerns over inflationary pressures.
- WIG20 is currently trading at its highest level since November 2019; ST resistance stands at 2,277, a break above that level would open the door for a move up to 2,358.
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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