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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 has been trending lower in the past week after breaking through its LT upward trending support line.
- The pair is currently testing its ST support at 25.53 (76.4% Fibo of the 24.80-28 range).
- Next support on the downside stands at 25.27; on the topside; first resistance stands at 25.86, followed by psychological 26 level (50D SMA).
- 14 RSI showing that the pair is slightly 'oversold'.
- In recent weeks, traders have been chasing the CZK amid MP divergence as CNB is very likely to be one of the first central banks to hike interest rates in Western/Central/Eastern Europe (Norway is on the list too).
- Market is currently pricing in a first CNB hike as early as August.
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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