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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
- 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.
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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