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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
- Broad USD strength and dovish NBP keep weighing on PLN with USDPLN breaking above its 3.98 resistance today (March 31 high).
- Next level to watch on the topside stands at 4, followed by 4.10 (May 2020 highs).
- PLN has been one of the weakest EM FX performers in September, down nearly 4% against the US Dollar.
- As a result, Polish equities have been consolidating lower in recent weeks after finding a local high at 2,416 in the beginning of the month.
- WIG20 index is currently trading slightly above its 100DMA at 2,261.50; a break below that level would open the door for a move down to 2,200 (23.6% Fibo of the 1,497 - 2,416 range).
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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