Free Trial

CZK: Koruna Stabilises Below 200-DMA

CZK

EUR/CZK moved through its 200-DMA yesterday, printing its worst levels in more than a week. The pair trades flat at 25.100, looking for fresh catalysts, with bears setting their sights on the psychologically significant 25.0 level. Bulls look for a rebound above the 200-DMA (25.122) and towards the 50-DMA (25.174).

  • CZGB yield curve has bull flattened at the margin. The PX Index has added 0.7% this morning, extending a streak of gains and narrowing in on the 1,900 figure.
  • Overall economic sentiment in January was marginally softer than in the previous month, as a decline in consumer confidence offset an improvement in business sentiment.
102 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 moved through its 200-DMA yesterday, printing its worst levels in more than a week. The pair trades flat at 25.100, looking for fresh catalysts, with bears setting their sights on the psychologically significant 25.0 level. Bulls look for a rebound above the 200-DMA (25.122) and towards the 50-DMA (25.174).

  • CZGB yield curve has bull flattened at the margin. The PX Index has added 0.7% this morning, extending a streak of gains and narrowing in on the 1,900 figure.
  • Overall economic sentiment in January was marginally softer than in the previous month, as a decline in consumer confidence offset an improvement in business sentiment.