20081216

The WIG Index rallied today +1.92%:

wig_200812161

Intraday chart shows us more details:

wig_15min_20081216

Higher daily volume seems to confirm the uptrend. We have also closed above 28000 and that looks promising. Nevertheless, we also have a warning for large amount of WIG20 future contracts (here). Ca.40% of all short positions have been opened by one foreign investor.

FED cuts rates to record low range of 0 to 0.25% (here). That technically means US banks can get USD almost for free.

Brian Shannon in his video still discourages us from being aggressive (here) .

The EURPLN has crossed the important level of 3.9819 (this post). That generated long-term buy signal:

eurpln_20081216

Situation in CHFPLN is not so clear (medium-term buy signal, but still below monthly high) and we need to wait, but overall this are no good news for polish mortgages:

chfpln_200812161

Sources:
[http://gielda.wp.pl/index.html?a=1&b=1&c=11&POD=6&P[numer]=10672380&P[obr]=pa (via Google Language Tools)]
[http://www.marketwatch.com/news/story/Fed-slashes-rates-vows-keep/story.aspx?guid={CA4128E7-21B4-4563-A28E-9170AEBFC789}]

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