CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Koruna On Back Foot, Holds Familiar Range

CZK
BulletEM BulletEmerging Market NewsHomepage

EUR/CZK trades +0.023 at 24.706, holding a familiar range just under the ascending 200-DMA. Price action has stabilised over the past week or so, but the short-term downtrend originating at the pair's YtD highs remains intact. The recent stabilisation has allowed EUR/CZK to unwind oversold conditions, with the RSI back above the 30 threshold. The 50-DMA is currently flirting with the 100-DMA and a potential crossover would support the bearish case. The next technical target on the downside is 24.458, the low print of Jan 8. Conversely, a break above the 200-DMA (24.783) would open up the 50-/100-DMAs (25.100/25.101).

  • CZGBs trade mixed across the curve, with the 5-10 segment underperforming. The PX Index consolidates losses from the previous trading day.
  • Czech parliament will start debating a controversial overhaul of the pension system this afternoon, which include an increase in the retirement age.
140 words

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.

EUR/CZK trades +0.023 at 24.706, holding a familiar range just under the ascending 200-DMA. Price action has stabilised over the past week or so, but the short-term downtrend originating at the pair's YtD highs remains intact. The recent stabilisation has allowed EUR/CZK to unwind oversold conditions, with the RSI back above the 30 threshold. The 50-DMA is currently flirting with the 100-DMA and a potential crossover would support the bearish case. The next technical target on the downside is 24.458, the low print of Jan 8. Conversely, a break above the 200-DMA (24.783) would open up the 50-/100-DMAs (25.100/25.101).

  • CZGBs trade mixed across the curve, with the 5-10 segment underperforming. The PX Index consolidates losses from the previous trading day.
  • Czech parliament will start debating a controversial overhaul of the pension system this afternoon, which include an increase in the retirement age.