Tag Archives: EUR/SEK
Eroding dollar support. More SEK weakness
EUR/USD: The break of 1.3821 sent the pair higher to 1.3871, just awhisker away from our 1.3877 stop (to the bearish Mar 14call).
FX Daily
Another day with few releases of interest on the global scene. French industrialproduction is expected to rise moderately by 0.2% m/m in February underlining aslow French recovery.
Sweden: Riksbank – dovish without cutting
The Riksbank left the repo rate unchanged at 0.75%. The board was not unanimous in its decision. Both Governor Ekholm and Flodén voted for a rate cut to 0.50 %.
JPY buying taking a pause (but there’s more to come)
EUR/USD: Monday’s rally continued also yesterday with the marketrising back above the 2008 trend line threatening the 1.3821resistance.
FX Daily
Another quiet day on the global agenda. FOMC minutes tonight might beinteresting given the upward adjustment to the Fed rate projections at the Marchmeeting.
USD/JPY testing important support near 102.70
EUR/USD: The par was refused more than a blip below the Fiboadjusted short-term “Ichimoku cloud” Fri and there wassome bullish follow-through yesterday too. This pointtowards 11.3775 before down.
FX Daily
There are no big market movers today. The UK releases industrial production forFebruary, which is expected to show a moderate rise of 0.3% m/m.
FX Daily
A quiet start to a quiet week. German industrial production for February is the mainrelease today and is expected to rise 0.1% m/m following a strong increase of 0.8%m/m in January.
Signals for a stronger yen. AUD/USD close to target
EUR/USD: The break of 1.3698 brought us down to a new cycle low butthere wasn’t enough supply to push prices down to the1.3643 key support.
Dollar continues to be in demand. SEK weaker.
EUR/USD: The break, however not yet sustained, of 1.3704 has furtherenhanced our bearish view calling for more selling to soontake place. Short term there will be some further consolidation in
FX Daily
The US employment report for March will be published later today. Uncertainty isquite high given recent distortions from the bad weather. However, we look for adecent report of 195,000 and
FX Daily
Today’s main event will be the ECB meeting. The probability of immediate easingfrom the ECB has declined as indicated by statements from vice presidentConstancio that “the low figure of inflation in