© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
EURGBP TECHS

Still Looking For Gains

US TSYS

Bear Flattening But Off Cheaps

UK

Timeline of key events (Times BST)

GBPUSD TECHS

Bear Trigger Remains Exposed

EUROZONE

Timeline of key events (Times BST)

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

WIG20 Index Finds Resistance At 23.6% Fibo

POLAND
BulletEM BulletEmerging Markets
  • PM Morawiecki recently said that Norway should share the profits it made on the dramatic rise of oil and gas prices.
  • Poland will later this year complete a gas pipeline from Norway that’s set to help it replace the supply of the fuel from Russia -- cut last month following Poland’s refusal to pay in rubles (BBG).
  • USDPLN has been consolidating lower in the past week, the pair tested its 50DMA at 4.3340 earlier. Next support to watch on the downside stands at 4.2950. On the topside, resistance to watch stands sat 4.40.
  • The recent PLN appreciation has been supported Polish equities, with the WIG20 index currently trading above the 1,800 level.
  • The WIG20 Index found resistance at the 1,825.60 level earlier, which corresponds to the 23.6% Fibo retracement of the 1,652.30 – 2,429 range (2022 low high). Next resistance to watch on the topside stands at 1,900.

157 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • PM Morawiecki recently said that Norway should share the profits it made on the dramatic rise of oil and gas prices.
  • Poland will later this year complete a gas pipeline from Norway that’s set to help it replace the supply of the fuel from Russia -- cut last month following Poland’s refusal to pay in rubles (BBG).
  • USDPLN has been consolidating lower in the past week, the pair tested its 50DMA at 4.3340 earlier. Next support to watch on the downside stands at 4.2950. On the topside, resistance to watch stands sat 4.40.
  • The recent PLN appreciation has been supported Polish equities, with the WIG20 index currently trading above the 1,800 level.
  • The WIG20 Index found resistance at the 1,825.60 level earlier, which corresponds to the 23.6% Fibo retracement of the 1,652.30 – 2,429 range (2022 low high). Next resistance to watch on the topside stands at 1,900.