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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
- EUR/PLN trades +0.46% this morning, with post-FOMC USD strength driving the cross higher this morning as the Fed considers asset purchase tapering within the year.
- PLN continues to underperform HUF, with the NBH's policy tightening trajectory keeping the currency well supported.
- Polish Data disappointed on both counts this morning, with PPI printing above estimates – bringing the NBP's ultra-loose policy settings into question, while industrial output fell short of expectations.
- Price action fell short of the 50dma on the daily chart and is looking to form a bullish engulfing candle with today's price action, keeping the uptrend established in June broadly intact.
- Intraday Sup1: 4.5634, Sup2: 4.5544, Res1: 4.5792, Res2: 4.5851
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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