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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
- EURCZK breaking below its LT upward trending support line this week.
- Bullish momentum on CZK could continue in the medium term as traders prepare for a CNB tightening cycle starting in H2 2021.
- Sell side firms expect 1 to 2 hikes in the second half of this year.
- Next support to watch on the downside stands at 25.64 (Fed 15 low); a break below that level would open the door for a move down to 25.27 (early March 2020 low).
- On the topside, key resistance to watch stands at 26.04 (50D and 100D SMA).
- As a reminder, CNB is expected to keep its benchmark rate steady at 0.25% today (1.30 London time). Press conference will follow at 2.45pm.
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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