The National Bank of Poland (NBP) left rates unchanged at 5.75% on Wednesday. The accompanying NPB statement did not bring much fresh news. Although, it probably shows a slightly less dovish tone than in November, ING’s FX analyst Chris Turner notes.
“As we discussed in our FX Daily yesterday, given market pricing, today's NBP press conference may be neutral or slightly hawkish in our view compared to market expectations. After yesterday's statement, rates sold off by roughly 5-7bp, supporting a stronger PLN. EUR/PLN quickly reached yesterday's 4.280 level and we believe the press conference may add further support to PLN, on the other hand, current valuations seem stretched at current levels.”
“In the Czech Republic, wage growth surprised to the upside yesterday and significantly exceeded the Czech National Bank forecast. Also in line with our expectations, the CNB Governor delivered a hawkish message and hinted that a pause in the cutting cycle is near and may be for a longer period.”
“Our economist's forecast of a pause in the cutting cycle in December and February is becoming very likely, which was also reflected in EUR/CZK moving below 25.200. Here we see some room for CZK to strengthen towards 25.100, and similar to PLN we see more tactical gains here.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.