Tag Archives: EUR/SEK
FX Daily
Focus continues to be on emerging markets. Large parts of Asia are closed today due to the Chinese New Year public holiday.
Scandi markets ahead: Swedish and Norwegian PMIs and DGB auctions in Denmark
In Sweden we are particularly interested to see how industrial production fares(Friday 08:30) following the very strong reading in November.
FX: When music stops…
With stock markets at crucial trend support levels, risk sentiment is at risk. Will good news be bad news for the USD?
FX Daily
Markets will continue to keep a watchful eye on emerging markets but it has been relatively calm overnight with large parts of Asia off today for celebration of the Chinese New Year.
Sell €/JPY above 140. Weaker SEK, NOK & PLN.
EUR/USD: So far this week each and every day has fallen below theprior day’s low point only to be immediately rejected andending in the upper end of the daily range.
FX Daily
Emerging markets continue to be the focal point. As long as this is the case financial markets will take the lead from the development in the EM currencies and macroeconomic data will be of secondary importance.
The loonie is stuck on a losing track. SEK tries to break resistance.
EUR/USD: Another lower daily high and lower low was addedyesterday, but buyers responded near the 8day “Tenkan-Sen” & Jab23 bullish benchmark candle mid-body point at1.3622.
FX Daily
We expect the Fed to cut its monthly bond purchases by an additional USD10bn in connection with today’s meeting and hence stick to its unofficial plan for tapering.
EM corrections (not trend-benders) elsewhere mostly consolidation
EUR/USD: The ongoing decline from the recent high (1.3740) lookscorrectional. Intraday conditions would once again bebullish if/when the “B-wave high” at 1.3717 is taken out.
FX Daily
Focus will be on emerging markets where one of the important battle lines so far has been Turkey’s attempt to stabilise its currency.
Monitor the Yen. Sell cable and NOK.
EUR/USD: The, so far non sustained, break above 1.3700 indicates thatthe entire decline from 1.3894 might have been just a threewave downside correction hence suggesting that a newtrend high will be set in
FX Daily
Market focus will remain on the development in emerging markets. At this stage we do not expect the emerging market wobbles to be enough to prevent Fed to continue tapering in connection with the FOMC meeting on Wednesday.