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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
- CEE currencies have been under pressure this month as traders take profit following strong momentum in April and May, adding downward pressure to equities.
- In the EM market, cheaper currency has generally been associated with periods of equity weakness.
- This chart shows the strong co-movement between WIG20 Index and USDPLN (inv.) in the past cycle.
- With USDPLN breaking above 3.80 this morning, WIG20 Index has been consolidating towards its 2,000 support; next level to watch on the downside stands at 2,106 (50D SMA).
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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