Tag Archives: EUR/SEK
FX Ringside
Risk-on as euro outlook continues to stabilize The euro remains surprisingly strong, probably still benefiting from short-covering previous very stretched, negative positioning in the currency. This situation is likely to continue for some time yet with the Euro-zone at least temporarily stable due to Greece being no longer in focus and European banks apparently possessing […]
Technical Analysis
The euro rather resilient (so far) to bearish signals coming out of Spain (bank CDS’s took off yesterday, bearish key day reversal in IBEX), JPY – the stage is set for a comeback (EURJPY bearish key day reversal, USDJPY double top?, AUDJPY retreating, JPYSEK false downside break),
Technical Analysis
EURUSD is one notch closer to the 1.3291 ref, but a bullish case is NOT a done deal… GBPUSD is also higher and closed above a near-term important ref, but could still be building a larger top formation – as indicated by lesser volumes during the recent advance…
Risk appetite index is back in the risk-neutral zone
The SEB Risk appetite index (RAI) * RAI moved back into it’s the risk-neutral zone after being in the risk-aversion zone almost all the time since Aug 2011. Since RAI have been correlated with the OECD leading indicator (which is lagging two months) this is a positive sign for the economic recovery going forward.
Technical Analysis
End-of-week demand in GBPUSD & EURUSD, or is there more buying in the pipe? Watch 1.5884 & 1.3192 for more clues, or 1.5750 & 1.3120 for that matter… USDJPY looks set to ignite a correction lower, so below 82.90 must be watched closely…
Technical Analysis
Dollar strength yesterday eased and gave way to a consolidation phase. Corrective moves also seen elsewhere with scandies strenghtening, oil getting hit by supply from strategic reserves. EURUSD looking for renewed weakness, USDJPY showing first signs of exhaustion,
Technical Analysis
The greenback continues to be in demand, pushing several dollar pairs through their key levels. Euro x:s a bit more mixed posting both winners and losers. JPY & Scandies still under pressure.
Technical Analysis
The dollar is strong despite stellar US stock market performance and this is impressive… Key below in EURUSD remains at 1.2974 and the market is closing in on it… The USD index was allowed to bullishly violate the key 80.12 ref and this opens up for more dollar buying…
Technical Analysis
EURUSD is correctively higher, but should ideally turn lower from Fri’s ~1.3195 mid-body point… GBPUSD bearishly violated the 1.5644 ref and should extend losses, initially towards 1.5580/40. Resistance starts at 1.57…
Technical Analysis
In the search of ending corrections… EUR/USD seeking a 2nd reaction target… USD/JPY caution with longs!… GBP/JPY head & shoulders top… EUR/SEK completed correction?… USD/SEK fell hard… EUR/NOK next move unclear… NOK/SEK correctional setback… AUD/USD sandwiched… EUR/CZK at least one more low likely… EUR/HUF best bullish wave count disrupted… EUR/PLN major setback!
Technical Analysis
Yesterday, a one day correction? SEK weaker. EUR/USD 1.3205 and then down again… GBP/JPY looking for a sell off… NZD/USD searching a new sell… EUR/SEK key resistance up for grabs… EUR/NOK another low not unlikely… NOK/SEK trying to pass the key res…
Technical Analysis
Risk is off everywhere you look and the dollar is on and there are few escaping the weight of this… EURUSD key below remains at 1.2974… USDJPY likely falling back to/below the 80-handle and GBPUSD looks set to test the Feb 1.5648/44 lows…