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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
- Polish equities have barely been supported by the ease in risk aversion in recent weeks (which generated a strong support for global equities).
- WIG20 index has been finding resistance at its 50DMA since the start of the month, and is still down 30% since its January high.
- Key support to watch on the downside stands at 1,600 (July lows).
- On the topside, resistance to watch above 1,705 (50DMA) stand at 1,800 (23.6% Fibo retracement of the 1,600 – 2,430 range).
- USDPLN consolidated sharply lower yesterday following the lower than expected US CPI print; the pair broke below its 50DMA. Support to watch stands at 4.5030, which corresponds to the 50% retracement of the 4.1490 – 4.8560 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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