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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CZECHIA
- This morning, economic data showed that consumer confidence ticked higher in August to -29.8 (from -33 the previous months).
- However, confidence surveys still remain at ‘depressed’ levels and continue to price in a significant deceleration in the economic activity in the coming months (see chart).
- The Czech Republic, which holds the European Union’s six-month rotating presidency, will initiate talks on a common EU-wide solution to high energy prices, according to Prime Minister Petr Fiala (BBG).
- The surge in risk aversion has been weighing on all CEE currencies, with EURCZK gradually approaching its key resistance at 24.7370 (200DMA). A break above that level would open the door for a move up to 24.7980 (61.8% Fibo retracement).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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