Tag Archives: EUR/PLN
Central European Daily
The NBP cuts by 25 bps to a new historical low at 2.75 % Final Hungarian GDP figure confirms a preliminary result The Polish central bank matched our and market expectations as it cut interest rates by 25 basis points to a new all time low 2.75%.
EUR/SEK could push into fresh highs & USD/JPY into fresh lows
EUR/USD: The pair was yesterday allowed to slip through a micro-term “Double-top” with a mere 10pips, before closing back in range.
Central European Daily
Czech and Hungarian retail sales surprised on upside NBP likely to cut rates by 25 bps The Czech currency was hit by worse than expected revised GDP data yesterday and weakened by 0.6%.
Downside pressure in USD/JPY
EUR/USD: The market is still in a short-term climb with only shallow reactions mustered on attempts above 1.31.
Long-term technical update
EUR/USD (1.3095): The pair keeps meandering around a near flat 12 month moving average. Last month closed below the open but also off the lows.
AUD/USD could correctively test >0.98
EUR/USD: Near-term price action is more bullish than bearish but short-term tools are mostly neutral after the best fit bearish wave count was overruled Fri (>1.3033).
Central European Daily
Both Czech and Polish PMI better than expected Hungarian yields continue to rise On Friday, the zloty and the koruna barely changed while the Hungarian forint and government bonds remained under pressure.
Central European Daily
While Polish zloty weakens, Czech koruna rebounds. Is carry trade behind that? The Polish zloty hit its 11-month low yesterday as the EUR/PLN approached the 4.30 level.
€/$ surprising rebound. EM’s big losers ag. both $ & €
EUR/USD: The break above 1.2991/3013 was not what we had in mind calling for a turn lower yesterday.
Central European Daily
Polish zloty hit 10-month low on revised GDP growth EC recommends abrogation of EDP for Hungary Revised Polish GDP data, showing growth at only 0.5 % y/y, dragged down the zloty as well as the Hungarian forint.
Stronger JPY underway, NOK/SEK seen lower
EUR/USD: The (wave e) bounce from the lower boundary of the triangle became more impulsive than normally is the case with e-waves (tends to be weak ahead of a forthcoming break).
Central European Daily
Slight upward revision of Polish GDP growth supports 25 bps rate cut in June Hungary cut interest rates to new all-time low On Tuesday, the Hungarian forint outperformed its peers and hit the more than five-month high in intraday trading.