News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • While JPY gets clobbered, CHF decides to turn a blind eye to yields $CHF
  • The surprise 100 basis point cut from the Turkish central bank (to 18%) generated the expected pressure for $USDTRY. That said, I don't think it was the market that decided the momentum should die out at 8.8000 again...
  • surprised that $NQ is holding up so well with what rates are doing. 10 year yield at a 2 month high, $Nasdaq still holding resistance at prior support
  • The S&P 500 has recovered all the ground it lost at the start of the week and the Dollar has slumped post FOMC and PMIs. DailyFX's @JohnKicklighter gives a brief overview of the market for Thursday!
  • The future taper isn't enough to urge the Dollar to a critical bullish break. In turn, $EURUSD has reversed shy of of August's trough and keeps in play an inverse head-and-shoulders pattern with a neckline at 1.19
  • USD/CAD testing short-term moving average support. Traders have cut their long exposure over the week. Get your market update from @nickcawley1 here:
  • In the West, that qualifies as a default action. Let's see how it is treated in the world's second largest economy
  • Some Evergrande offshore bondholders do not expect company to make interest payment by Thursday deadline
  • The flash September US PMIs slowed more sharply than expected. That was a general trend across the developed world with most economies continuing to slow from their post-Pandemic peak recovery paces
PLN Weakens Following CPI Announcement

PLN Weakens Following CPI Announcement

Michael Romero,

Talking Points:

• Polish CPI Falls In December.

• PLN Depreciates Even With Lower Inflation.

USD/PLN strengthened following the larger than expected drop in Polish consumer prices yesterday. Poland’s consumer price index CPI year-on-year fell further than leading economists’ expectations of -0.90 percent and came in at -1.00 percent for December 2014, compared to -0.60 percent for the same month in the previous year. CPI month-on-month data also fell at a larger than expected rate of -0.20 percent and instead registered at -0.30 percent, beating out November 2013’s reading of -0.20 percent according to the Central Statistical Office of Poland.

The larger than expected decrease in consumer price inflation stemmed from transport costs which declined 2.4 percent annually, followed by clothing and footwear which decreased by 1.1 percent. Even with such a decrease in consumer prices, the central bank of Poland kept interest rates unchanged on Tuesday. Investors should expect further interest rate cuts in the foreseeable future, especially if deflation continues to wreak havoc throughout Europe.

PLN Weakens Following CPI Announcement

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.