January 24, 2025 09:19 GMT
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.
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