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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
- In the past month, EURCZK has been trading within a tight range between 24.67 and 24.77, with the pair receiving support at its 100DMA.
- Risk off sentiment has been weighing on CEE FX this week, particularly HUF and PLN with the forint plunging to new all-time lows against the Euro and USD.
- Interestingly, the CZK has not been significantly impacted by the recent selloff; the pair is trading slightly higher this morning, approaching its 24.7980 resistance, which corresponds to the 61.8% Fibo retracement of the 24.09 – 25.94 range.
- A break above that level would open the door for a move up to 24.8880 (200DMA).
- This morning, economic data showed that industrial output came in significantly higher than expected at 6.3% YoY in May (vs. 1.6% exp.), up from -6.4% the previous month.
Source: Bloomberg
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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