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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
- This morning, economic data showed that Preliminary May CPI rose to 4.8% (as expected), up from 4.3% the previous month and confirming that the inflationary pressures continue to increase.
- Hence, participants have been speculating that the NBP will have to make an early move, which has been one of the major factors behind PLN strength in the past two months.
- EURPLN is currently testing its ST support at 4.47 (mid December levels); a break below that level would open the door for a move down to 4.44 (50% retracement of 4.20-4.68 range); other resistance to watch stands at 4.42 (December lows).
Source: Bloomberg/MNI
- The 10Y yield continues to consolidate following last week's rally, currently trading at 1.82%; next support stands at 1.80%, followed by 1.72%.
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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