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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
- Selling pressure on CZK eases this week ahead of the policy meeting on Wednesday (June 23).
- CNB is expected to raise its benchmark rate by 0.25% to 0.50% following policymakers recent 'hawkish' comments in the past two weeks.
- USDCZK ticks lower after finding a local high of 21.60 earlier, ST support to watch stands at 21.46 (100D SMA), followed by 21.17 (50D SMA). On the topside, key resistance stands at 21.85 (200D SMA). (chart below).
- Little weakness in the USD today has generated some support for Czech equities, with PX Index finding support slightly above the 1,150 level; important resistance to watch on the topside stands at 1,184, followed by psychological 1,200 level.
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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