Tag Archives: EUR/SEK
FX Daily
The FOMC meeting tonight should provide few surprises as the Fed tapersanother USD10bn of asset purchases.
USD & JPY are going through soft patches and scandies get a breather Tuesday
EUR/USD: With support at the high end of the Fibo adjusted short-term”Ichimoku cloud” an attempt above 1.3865 is made. A shortterm127.2% Fibo extension ref at
FX Daily
In the euro-area a number of interesting data are due for release. Germany releasesCPI for April, starting with the first Länder CPI at 09:00 CET (Saxony).
Weaker SEK & EMs, lower USD/JPY and possibly higher EUR/GBP
EUR/USD: Nothing new. 1.3785 or 1.3865 has to be broken to show atilt.
FX Daily
We get a quiet start to a very busy week. Only release of interest today is the USpending home sales for March, which normally leads existing home sales by one totwo months.
Scandi markets ahead: Retail sales, PMIs, Danish currency reserve numbers and NGB auction
In Sweden, March retail will be released today and we expect sales to performaround the same moderate pace seen for the past several months.
Weaker SEK in the offing and so is a stronger yen
EUR/USD: The pair is just getting whipsawed around inside range.Keep watching 1.3785 & 1.3865 for directional leads.
FX Daily
Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March,
Stronger yen and lower AUD/NZD
EUR/USD: The market remains rangebound. Support near a weeklymid-body point (1.3790) seems solid and upside attemptsare repeatedly responded to. Outside 1.3785\1.3865 isneeded to show a tilt.
FX Daily
German IFO expectations are due for release and we expect a decline for a thirdconsecutive month although the level is set to remain high.
The aussie is an underdog reborn. GBP could give back some gains
EUR/USD: From here, there is a faint near-term upside tilt, but a moveoutside 1.3825/1.3785 would give a better directional hint.Also outside 1.3865/1.3749 would lend a stronger sense ofdirection.
FX Daily
Today focus will be on global PMIs. We forecast euro manufacturing PMI todecline slightly after it peaked at 54.0 in January.