Tag Archives: EUR/SEK
Dollar and NOK/SEK liked higher
EUR/USD: The past three days has developed into a relatively bearishpattern with each day printing a marginally new high beforefalling back and closing below the 2008 top line.
USD/JPY is higher than previously thought, but resistance is still there
EUR/USD: The near-term move up from the recent 1.3704 looks farfrom impulsive, but could still test the 21day equilibriummeasure at 1.3835 before down.
FX Daily
We have a light calendar in terms of data releases and markets could be in wait-andseemode ahead of the ECB meeting tomorrow and the US job report on Friday.
USD/JPY testing resistance (103.77/91). AUD/USD should move lower
EUR/USD: The market hunted both high and low yesterday, butwithout getting traction either direction. A small near-termbullish tilt persists while holding above 1.3763.
FX Daily
In the euro area manufacturing PMIs are due for release and the first estimate of theSpanish and Italian figure will attract most attention.
EUR/JPY bullish response. NOK/SEK s/t stretched.
EUR/USD: Friday’s break down into the 55d ma band was soon rejectedand we ended the day more or less unchanged with spikeson both sides showing kind of a balance reached.
FX Daily
In terms of data the main release is euro area inflation for March. We expect it todecline to a new cycle-low of 0.5% y/y mainly due to the timing of Easter.
Scandi markets ahead: PMI week and divergent monetary policy between Norway and Sweden even more evident
Will the Riksbank cut rates in April or not? It cannot be excluded, but we believe thechance of a rate cut in July is higher. What could prove decisive is next week’sMarch PMI figures.
More € weakness. AUD peaking? NOK/SEK pause
EUR/USD: Yesterday’s close below 1.3749 has further enhanced thebearish outlook and more losses are accordingly penciled infor the week to come.
FX Daily
In Europe, preliminary March HICP inflation data from Spain and Germany aredue today. This will give us the first indication on the important euro-area inflationfor March to
A weaker € + a stronger NZD = a €/NZD sell
EUR/USD: After the mid body test (of the Mar 19 falling benchmarkcandle) and rejection the market has been mainly on thedefensive. Yesterday’s close,
FX Daily
In Europe the main focus will be on the release of money supply and credit data inthe euro area for February. In general the data have been weak, albeit there was aslight improvement in January.