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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.
CEE FX
- With political risk premium being now trimmed in Poland following the recent agreement on Turow mine and President Duda’s proposed bill to scrap the ‘disciplinary chamber’ of the Supreme Court, support for the PLN could increase in the medium term.
- On the other hand, with CNB entering the last phase of the tightening cycle, investors’ interest on CZK could start to decrease in the short term against some major crosses (i.e. Euro) following the strong appreciation of the koruna in the past year.
- Hence, CZKPLN, which has been constantly reaching new all-time highs in the past year, could retrace sharply lower in the short term.
- The pair tested its 0.1857 support earlier today (former resistance line); a break below that level would open the door for a move down to 0.1848 (50DMA).
- Key support stands at 0.1820, which corresponds to the low of its LT upward trending channel.
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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