TeleTrade - Analytics

    TeleTrade

    690.50 6.50/10
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    06.05.2016 11:11 WSE: Mid session comment

    In the mid-session the WIG20 index reached the level of 1,834 pts. with turnover a bit over PLN 300 mln.

    The morning impulse associated with a positive recovery of banking sector is now a history. Morning booster was built on the comments of politicians regarding plans related to foreign currency loans. Here was the visible impact of yesterday's Reuters information about the possible emergence of changes in the conversion of CHF loans, which responded to the domestic currency appreciation.

    Today's speech of the Polish Finance Minister, which cooled the expectations vs. the new solutions, resulted in return to the initial situation.

    Supply, which is responsible for bringing the index close to 1,830 points has the answer on demand side. Therefore we may say that the proximity of 1,800 points begins to activate buyers who are counting on saving support. At the moment - except "market sell out" signaled by oscillators - there is no "buy" signals.


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