Rear-View Mirror: Revisiting The EURUSD - PLNUSD Trade

Last November, we took a look at a distance pair-trade between the Euro and the Polish Zloty when Poland's central bank was threatening that inflation could hit 23% to 24% if government action wasn't taken. https://www.excaliburcuttingedge.com/post/inflation-you-think-the-u-s-has-problems-check-poland

Inflation in Poland did hit a 26-year high in February (18.4%) but eased slightly to 16.2% in March. We thought it would make sense to check-in on that distance pair trade to see how it has been faring.

In December, about five-weeks after our post, we signaled to enter a trade on Dec. 22; on Dec. 23, the trade was showing a 6.8% annual gain. And on Dec. 27, the trade saw a 165.42% annualized gain.

Just last week, we signaled another trade (April 13). As of April 14, that trade was showing a small 2.23% annualized gain. This is one we will need to keep an eye on.