Tag Archives: EUR/SEK
Asia today: AUD unmoved despite another set of positive data
Despite better-than-expected Australian trade numbers for May, AUD was virtually unmoved in the Asian session Thursday. JPY, meanwhile, was under a little pressure as equity markets opened in the red across the region and BOJ reiterated it would pursue powerful easing.
Global Technical Watch – Quick Charts
A consistent breakdown in several EUR crosses warns of bearish follow-through for EUR/SEK and EUR/NZD. EUR/AUD is approaching year lows near 1.2130/50, and a break below this zone likely would add to the bearish evidence.
Win-win for SEK as EURSEK trades at its lowest since 2000
The situation for Europe is a win-win for SEK at the moment, as EURSEK dropped to its lowest level since 2000 after the Riksbank left rates unchanged at 1.50% ahead of a possible ECB cut tomorrow.
SEK after Riksbank July meeting
EUR/SEK working its way towards our long-term target at 8.40 (a bit faster than anticipated) New repo path shows a 30% probability for a cut in September. This is based on international/ European developments as the domestic growth and labour market forecasts are raised slightly.
Technical Analysis
Mid body testing into its third session… EUR/USD Still mid body testing… EUR/GBP Bear triangle?… EUR/JPY So far bids at mid body… EUR/SEK In the key support zone… USD/SEK Still in a narrow range… EUR/NOK Mid body bounce.
Daily FX Technical Strategy: SEK on the launchpad
In the run up to the Independence Day holiday in the US, FX trading is likely to become increasingly choppy and listless. One bright spot though could be the Swedish Krona, which is on the cusp of delivering a series of major bullish signals.
Technical Analysis
Mid body reactions, EUR/SEK 8.6990 a must watch… EUR/USD Mid body test… USD/JPY Still struggling with the line… EUR/SEK On the verge of breaking… USD/SEK Waiting for signs of buying… EUR/NOK Very strong rejection… NOK/SEK Last line of defense.
Technical Analysis
After the big moves, the impulsive relief moves post the EU summit, we probably will see the market digest the moves over the coming days. In general we should be looking for mid body tests (of Friday’s benchmark candles).
Technical Analysis
It’s all about the EU summit. Technically no changes only an opportunity to get in at better levels we think. EURUSD look for offers around 1.2625, same for AUDUSD around 1.0170,
Technical Analysis
Not much to report except our bullish NOK/SEK call been proven wrong with the 1.1715 break. Other than that corrections/congestions still ongoing but seen as being in the latter stages.
Technical Analysis
Only limited moves seen overnight and the market seems to have entered a short term congestion. EUR selling/USD & JPY buying is however expected to soon be resumed.
Technical Analysis
Buy dollars, yen and nok/sek. Sell equities… EUR/USD Eyeing next the 1.2435 supp… USD/JPY Bearish key day reversal… AUD/JPY Rejection from ma bands… EUR/SEK Higher but still within range…