FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CZK: EUR/CZK Climbs Past 50-DMA

CZK
EM BulletCzech RepublicCentral and Eastern EuropeBulletGlobalEmerging Market NewsRegionCzechia

EUR/CZK has shown above its 50-DMA for the first time since mid-August after repeatedly testing that moving average in the past few sessions. The pair last deals +0.045 at 25.179 and bull look for further gains towards Aug 16 high of 25.276. On the flip side, bears keep an eye on the 25.0 figure.

  • President Petr Pavel will meet with ruling coalition leaders to discuss the current political situation. Pirate Party's Ivan Bartos confirmed that his party will leave the government on Tuesday, while PM Fiala will provide an update on the future of the governing coalition on Wednesday. The Pirates' exit from the government does not put the ruling coalition's parliamentary majority at risk.
  • ANO deputy leader Karel Havlicek said that the party "broke the Senate spell, we will want a representative in the leadership of the upper chamber, and we will do everything so it ceases to be an automat for deviated government proposals." The party for the first time won more than four seats in the upper house.
  • CZGB curve runs a tad steeper; the PX Index has added 0.4%, moving through resistance from Sep 3 high of 1,611 and narrowing in on cycle highs printed in Jul.
198 words

To read the full story

Close

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.

EUR/CZK has shown above its 50-DMA for the first time since mid-August after repeatedly testing that moving average in the past few sessions. The pair last deals +0.045 at 25.179 and bull look for further gains towards Aug 16 high of 25.276. On the flip side, bears keep an eye on the 25.0 figure.

  • President Petr Pavel will meet with ruling coalition leaders to discuss the current political situation. Pirate Party's Ivan Bartos confirmed that his party will leave the government on Tuesday, while PM Fiala will provide an update on the future of the governing coalition on Wednesday. The Pirates' exit from the government does not put the ruling coalition's parliamentary majority at risk.
  • ANO deputy leader Karel Havlicek said that the party "broke the Senate spell, we will want a representative in the leadership of the upper chamber, and we will do everything so it ceases to be an automat for deviated government proposals." The party for the first time won more than four seats in the upper house.
  • CZGB curve runs a tad steeper; the PX Index has added 0.4%, moving through resistance from Sep 3 high of 1,611 and narrowing in on cycle highs printed in Jul.