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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 been under pressure in the past month amid rising uncertainty over the economic outlook and PLN weakness.
- In addition to the downward revision in growth expectations, a range of macro risks have been weighing (and could continue to weigh) on the zloty: on-going dispute with the EU, daily fines and delay of EU pandemic aid, FX-loan settlements, rising LT interest rates….
- WIG20 index broke below its 200DMA support in the end of November and found support slightly above the 2,103.50 level, which represents the 38.2% Fibo retracement of the 1,496.80 – 2,478.60 range.
- The 200DMA level is now a resistance, and WIG20 index has struggled to break above that level in recent days.
- Polish equities could remain vulnerable in the short term if the PLN starts to retrace lower in case NBP disappoints on Wednesday (lower than 75bps hike).
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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