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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
- Investors will focus on July CPI print this week (July 30), expected to rise to 4.7% (from 4.4% the previous months).
- Poland 10Y yield has been consolidating lower in the past two months as demand for safe assets (i.e. Gvt bonds) has been rising since the beginning of June.
- Key support to watch stands at 1.46%, which corresponds to the 61.8% Fibo retracement of the 1.13% - 2% range and the 200DMA.
- The yield curve continues to flatten as uncertainty keeps rising; 2Y10Y is down nearly 60bps in the past two months to 1.18%.
- USDPLN continues to trend higher this morning, currently trading slightly above the 3.90 level; next resistance to watch on the topside stands at 3.98. On the downside, first support stands at 3.85, followed by 3.82.
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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