{"id":159179,"date":"2019-11-06T10:45:09","date_gmt":"2019-11-06T15:45:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=159179"},"modified":"2019-11-06T06:29:46","modified_gmt":"2019-11-06T11:29:46","slug":"usdpln-analysis-getting-ready-for-a-meeting-of-the-central-bank-of-poland","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/11\/usdpln-analysis-getting-ready-for-a-meeting-of-the-central-bank-of-poland\/","title":{"rendered":"USDPLN Analysis: Getting ready for a meeting of the Central Bank of Poland"},"content":{"rendered":"
November 6, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Getting ready for a meeting of the Central Bank of Poland<\/strong><\/p>\n

The next meeting of the National Bank of Poland will be held on November 6, 2019. Will the USDPLN quotations<\/a> continue growing?<\/p>\n

The upward movement indicates weakening of the Polish zloty against the US dollar. It is expected that the National Bank of Poland will keep the rate at the current level of 1.5%, at which it has been since 2015. However, theoretically, the National Bank may announce any plans for easing monetary policy in the future. In October, the Polish PMI indicator of business activity in the industry fell to a minimum in 10 years and amounted to 45.6 points. Its decline has been observed for 12 consecutive months. It should be noted that on November 13 the balance of the current account for September will be published in Poland, and on November 14 – the GDP for the 3rd quarter. These data may also affect the dynamics of the zloty.<\/p>\n

\"USDPLN\"<\/p>\n

On the daily timeframe USDPLN: D1<\/b> broken up the resistance line of the falling trend. Now it is growing as part of the correction. Various technical analysis indicators have generated signals to increase. Further growth of quotations is possible if the monetary policy of the Polish National Bank is relaxed.<\/p>\n