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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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POLAND
  • USDPLN continues to reach new highs despite broad Dollar weakness in today’s trading session; the pair is gradually approaching its ST resistance at 4.1260 after breaking at the 4.10 level this week.
  • A break above 4.1260 would open the door for a move up to 4.1530 (Nov 30 high).
  • Geopolitical risks amid Russia-related tensions have left CEE currencies vulnerable in the past two weeks, particularly PLN.
  • PLN is the second weakest performing currency among the EM world (after ZAR), down over 3% against the USD this week.

Source: Bloomberg/MNI

MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com

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