Tag Archives: EUR/SEK

Daily FX Update

An important start to the trading session with headlines from the NATO summit,

EURUSD: We probably have to pass today’s main event, ECB, beforeany major move will take place.

Main event is the ECB meeting. We do not expect rate cuts or QE in connection withthe meeting but all options are expected to be left open.

We revise our FX forecasts for the remainder of 2014, for 2015 and for the first time provide financial forecasts for 2016.

EURUSD: EUR/USD should give something back. Correctively target 1.3145\53 before down.

Euro-area service PMIs are due for release and focus will be on the first figure forSpain and Italy.

EURUSD: Price action may have muted yesterday, but direction remains quite clear.

Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1.

EURUSD: With the Thu/Fri bounce occurring in a clear three wavecorrective manner a new trend low

Focus will be on European and Asian data with the US closed for Labour Day.

The Riksbank made a significant move in July, partly as actual inflation hadundershot the target heavily for too long and

EURUSD: Yesterday’s initial attempt higher stalled already at 1.3222,