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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
- While the geopolitical uncertainty and the on-going dispute with the EU block have been weighing on Hungary and Poland equities in recent weeks, Czech equities have experienced a much lower volatility with PX index constantly reaching new highs.
- PX Index is now up 110% since its low reached in March 2020, and has been recently trading at its highest level since August 2008
- We recently saw that Czech appears as one of the most expensive market among the EM world using either our value scoring method or z-score P/B approach.
- The chart below shows that the 50DMA has acted as a strong support in the last bull market and PX index has been trading within a ‘narrow’ upward trending channel band.
- ST resistance to watch on the topside stands at 1,489.90, followed by the psychological 1,500 level.
- On the downside, support to watch stands at 1,427.50 (50DMA).
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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