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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
- Significantly ‘oversold’ PLN has been consolidating strongly in the past week, with USDPLN breaking below its 4.0725 support, which corresponds to the 23.6% Fibo retracement of the 3.6170 – 4.2130 range.
- Market has been pricing in a more aggressive (i.e. 75bps) hike for next week’s meeting (December 8) following the positive surprise in inflation yesterday (+7.7% YoY vs. 7.3% exp.), therefore supporting the Polish zloty.
- Next support to watch on the downside stands at 4.0370, followed by 4.0110 (50DMA).
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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