Tag Archives: EUR/SEK
Scandi markets ahead: Low inflation in Sweden and high inflation in Norway
Main event in Sweden will be the January inflation figures. The January numbersare always scary stuff since Statistics Sweden performs a reweighting of thecomponents,
FX: It’s weather, stupid!
The risk sentiment is secure on the hope that bad news is due to weather effects. The USD got broadly hit every day over the past week…will it strike back?
Forex Weekly Report
German constitutional court ruling supports deflationary backdrop Last week Germany’s Constitutional Court decided to pass the final ruling on outright monetary transactions on to
Little news from the Riksbank and Norges Bank
Norges Bank governor Olsen’s annual address last night did not contain any near-term policy signals. However, it included the following statement: ‘Given the prevailing long-term interest rates abroad,
Continued yen buying. Watch cable resistance
EUR/USD: Yesterday’s attempt to trace out a peak was proven wronggiven the break of 1.3655. The minimum target for thefollowing move, 1.3684+, has been fulfilled however the risedoes so far look incomplete.
FX Daily
Q4 GDP for the euro area as a whole and several euro area countries is due forrelease today. Based on our ‘hard data’ model we look for a rise in euro-area GDP of0.3% q/q.
Sell AUD – buy JPY. NOK/SEK liked higher.
EUR/USD: The corrective bounce from yesterday’s low point isexpected to turn down from the 1.3620/30-area and shouldaccordingly be sold with a stop above 1.3655.
FX Daily
US retail sales likely got off to a soft start in January following a strong finish to2013. As consensus we look for 0.0% m/m in total retail sales and 0.1% m/m in retailsales ex autos and gasoline.
AUD & SEK look like winners
EUR/USD: Sellers responded – again – at the high end of the “cloud”.But to show some commitments we need to see sellersbelow a wider near-term support zone (1.3610\1.3580) and
FX Daily
Euro-area industrial production is likely to show a decline in December followingthe strong gain of 1.8% m/m in November. Most euro countries have publisheddeclines in industrial production for December.
EUR/USD is scanning nearby resistance – make or break? Weaker HUF
EUR/USD: The move higher last week has been extended this morningto the point where it meets thought resistance at the highend of the Fibo adjusted short-term “Ichimoku cloud”.
FX Daily
Fed chairman Janet Yellen testifies before the House Financial ServicesCommittee in her first semi-annual report on monetary policy since taking over fromBen Bernanke.