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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
- CEE risky assets have been under pressure in the past two weeks amid weakening currency and rising uncertainty over the economic outlook.
- Poland equities (WIG20 Index) went down nearly 10% in the past weeks before finding support slightly their 200DMA at 2,194 on Friday.
- A break below that level would have opened the door for a move down to 2,100.
- The chart below shows that momentum on Polish equities remained firm (until recently) despite a significant PLN depreciation.
- In the past cycle, periods of weakening PLN have been generally associated with equity weakness.
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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