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Koruna Little Changed, EUR/CZK Stabilises Below 200-DMA

CZK
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EUR/CZK changes hands +0.004 at 24.699, consolidating recent losses just below the ascending 200-DMA. Bears look for renewed losses towards Jan 8 YtD low of 24.458. On the flip side, a break above the 200-DMA (24.764) is needed to bring the 100-DMA (25.095) and the 50-DMA (25.163) into play. The RSI remains in oversold territory.

  • Czechia's industrial factory-gate inflation accelerated to +1.4% Y/Y, narrowly missing the consensus forecast of +1.5%. Agricultural prices fell 13.4% Y/Y, the twelfth decline in a row. Prices of construction work and market services rose by single-digit values.
  • CZGBs are on the back foot, in line with regional trend. The PX Index is little changed close to its cyclical highs.
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EUR/CZK changes hands +0.004 at 24.699, consolidating recent losses just below the ascending 200-DMA. Bears look for renewed losses towards Jan 8 YtD low of 24.458. On the flip side, a break above the 200-DMA (24.764) is needed to bring the 100-DMA (25.095) and the 50-DMA (25.163) into play. The RSI remains in oversold territory.

  • Czechia's industrial factory-gate inflation accelerated to +1.4% Y/Y, narrowly missing the consensus forecast of +1.5%. Agricultural prices fell 13.4% Y/Y, the twelfth decline in a row. Prices of construction work and market services rose by single-digit values.
  • CZGBs are on the back foot, in line with regional trend. The PX Index is little changed close to its cyclical highs.