MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

MNI: BANK OF KOREA KEEPS POLICY RATE AT 3.50%: PRESS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

PLN: EURPLN Trading at Session Low Following NBP, US ADP Data

PLN
BulletEM BulletEmerging Market News
  • EURPLN is trading at a session low following the rate announcement, though the most recent move lower is more likely a function of the US ADP data rather than the NBP decision.
  • Given there had been unanimous expectations for a hold decision, attention will turn to Governor Glapinski’s press conference tomorrow for any clues on the trajectory of rates moving forward. The policy statement will be released today at 15:00BST/16:00CET.
  • For EURPLN, a break of support at 4.2715, Tuesday’s low, would be needed to reinstate a bearish theme. Price remains above the 50-day EMA at 4.2920, signaling scope for a stronger bounce towards 4.3248 and 4.3441, the 50.0% and 61.8% retracement points of the Apr 16 - May 28 bear leg.
119 words

To read the full story

Close

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.
  • EURPLN is trading at a session low following the rate announcement, though the most recent move lower is more likely a function of the US ADP data rather than the NBP decision.
  • Given there had been unanimous expectations for a hold decision, attention will turn to Governor Glapinski’s press conference tomorrow for any clues on the trajectory of rates moving forward. The policy statement will be released today at 15:00BST/16:00CET.
  • For EURPLN, a break of support at 4.2715, Tuesday’s low, would be needed to reinstate a bearish theme. Price remains above the 50-day EMA at 4.2920, signaling scope for a stronger bounce towards 4.3248 and 4.3441, the 50.0% and 61.8% retracement points of the Apr 16 - May 28 bear leg.