USDPLN Analysis: The Polish economy shows signs of slowdown

September 2, 2020

By IFCMarkets.com

The Polish economy shows signs of slowdown

The upward movement indicates the weakening of the Polish zloty against the US dollar. In August, the Markit Poland Manufacturing PMI was 50.6 points. This is less than both the forecast (52.9) and the July indicator (52.8). In August, inflation in Poland amounted to 2.9% in annual terms. This is much higher than the rate of the National Bank of Poland, which now stands at 0.1%. In the US, the ISM Manufacturing PMI rose to 56 points in August from 54.5 in July. The Markit US Manufacturing PMI final in August was 53.1. Recall that the next meeting of the Central Bank of Poland will be held on September 8 (next week). No rate change is expected.

Indicator VALUE Signal
RSI Buy
MACD Buy
MA(200) Neutral
Fractals Neutral
Parabolic SAR Sell
Bollinger Bands Neutral

 

Summary of technical analysis

Order Buy
Buy stop Above 3.76
Stop loss Below 3.61

Market Analysis provided by IFCMarkets.com

InvestMacro

Share
Published by
InvestMacro

Recent Posts

Nvidia earnings preview: In chips we trust…

By ForexTime  Nvidia shares only ↑18% year-to-date Competition, data centre revenue and fiscal Q2 2027…

9 hours ago

The People’s Bank of China keeps lending rates unchanged. The Canadian dollar weakens amid falling inflation

By JustMarkets  On Tuesday, US stock indices continued to decline amid the ongoing sell‑off in…

9 hours ago

EUR/USD Near Six-Week Low as Market Tensions Rise

By Analytical Department RoboForex EUR/USD slipped to 1.1598 on Wednesday, keeping the pair at its…

9 hours ago

Oil prices remain volatile. The Reserve Bank of Australia signals further rate hikes

By JustMarkets  On Monday, the US stock indices closed mixed amid ongoing uncertainty surrounding the…

1 day ago

Gold Recovers Some Losses: What’s Driving the Market?

By Analytical Department RoboForex Gold rose to 4,600 USD per ounce on Tuesday, continuing its…

1 day ago

Economic activity in China is slowing. Silver has fallen by more than 8%

By JustMarkets  On Friday, US stock indices fell sharply amid growing investor concerns about the…

2 days ago

This website uses cookies.