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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.
CZECHIA
- Czech equities have been supported by their 50DMA in the past week after consolidating lower since the middle of June due to a rise in risk aversion.
- In the past 6 weeks, the rise in uncertainty over the Delta variant combined with the significant contraction in Chinese 'liquidity' have led to a preference for safe assets such as the US Dollar and Treasuries.
- We know that periods of currency weakness in the EM world (i.e. CZK) have generally been associated with bearish momentum in equities (i.e. PX Index).
- Next support to watch below 1,151 (50DMA) stands at 1,116 (100DMA), followed by 1,100. On the topside, first resistance stands at 1,183, followed by 1,200.
Source: Bloomberg/MNI
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.
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