Tag Archives: EUR/SEK
Scandi markets ahead: ECB also takes centre stage in Scandi markets
The week in Sweden kicks off early Monday morning with a speech from theRiksbank’s Jansson and shortly after that, May PMI is set to be released. We estimatethe PMI has slowed somewhat.
FX Daily
A bunch of US key figures are on the calendar for today. We expect a slight setbackin personal income and personal spending growth in line with the market’sexpectation and unchanged PCE core inflation.
FX Daily
The most important release is euro area money supply and credit growth for April.At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appearedconcerned about banks’ capacity to increase loans.
EUR/USD over 1.3675 would target 1.3730 before down
EUR/USD: Over 1.3675 targets 1.3730 before down. There is an ongoing attempt to recover partial losses. A move over the 8day “Tenkan-Sen” (1.3675) would target 1.3730\34 before down again.
FX Daily
In the data calendar the focus will mainly be on US data. Durable goods orders forApril should give us an idea of the strength of the rebound in business capitalexpenditure in Q2.
FX Daily
Financial markets will digest the outcome of the EU-election. We expect the marketimpact to be limited despite strong gains for anti-EU parties.
Positive $ index break. EUR/PLN fell out of bed
EUR/USD: With a still persisting hourly RSI divergence, the price outside the 55d ma Bollinger and with the still firm 1.3635 support we cannot but read the setup as supportive to the 1.3730 bounce suggested yesterday.
FX Daily
German IFO and US new home sales will be the main data to watch. We look for a small rise in the German IFO, pointing to continued robust growth inGermany.
FX Daily
Only tier-2 data on the global agenda today. UK retail sales are expected to havestrengthened again in April after soft spending in March.
FX Daily
Not much on the global agenda today. UK CPI is expected to rise to 1.7% y/y from1.6% y/y, which would mark the first increase in more than a year.
FX Daily
In terms of data releases, we have a very light calendar today. Instead, focus willcontinue to be on comments from ECB board members Weidmann, Mersch andCoeure.