Free Trial

Koruna Holds Familiar Range, PX Index Dips

CZK

EUR/CZK operates within a range defined by last Friday's price action, last changing hands +0.007 at CZK23.996. Bulls look for a break above Mar 17 high of CZK24.137 and a move towards the 200-DMA/Dec 30 high at CZK24.303/24.336. Conversely, bears look to force a pullback through the 50-DMA at CZK23.769.

  • CZGBs have followed their core FI peers higher, with yields last seen 7.2-0.2bp lower across the curve. The PX index has tumbled ~1.1% to fresh cyclical lows amid headwinds for the European banking sector.
  • The local economic docket is virtually empty today.

To read the full story

Close

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.