Tag Archives: EUR/SEK
FX Daily
US housing starts and building permits should give us a better idea of a possible bad weather impact in December as suggested by the disappointing labour market report for December.
Positive $ signs, sell the NOK and MXN
EUR/USD: The first step of the next attempt to break the 55d ma andJuly support line has now been taken. The bounce from the1.3581 low point should be seen as corrective hence anopportunity to sell.
FX Daily
In the data calendar the main event is US consumer prices for December. We expect inflation to accelerate to 1.5% y/y from 1.2% y/y mainly on the back of higher food prices.
FX Daily
In Germany the first GDP estimate for 2013 as a whole will be released and indirectly this should also give us the first estimate for GDP growth in Q4.
Bearish EUR/SEK “Head & shoulders” top formation in place
EUR/USD: The near-term correction higher may be over withyesterday’s toppish looking candle. Extension below 1.3620today would turn focus back on the low end in “the Cloud”and the recent 1.3548 low again.
Major influence of monetary policy expectations
Generally, the FX market is subject to more long-term trends or regimes, where a specific factorhas an impact on virtually all currencies in a particular way.
USD/JPY bouncing from support. NZD/USD trades towards 0.8415.
EUR/USD: The earlier move up from support is so far not rejected. Withintraday goggles on there is something looking like a bullishflag forming.
FX Daily
In the US we expect headline retail sales to have slowed markedly in December to just 0.1% m/m from a solid 0.7% m/m mainly on the back of a substantial decline in auto sales.
FX Daily
Bundesbank Vice President Sabine Lautenschläger is scheduled to testify before the European Parliament’s Economic and Monetary Affairs Committee at 19:00 this evening on her nomination to the ECB board where she replaces Jörg Asmussen.
More €/JPY & NOK/SEK losses, NZD in demand.
EUR/USD: With the 1.3550/70 support now thoroughly tested themarket will most likely spend some time in roughly a 1.3570– 1.3770 range before making a new attempt to break lower.
Swedish Inflation and upward pressure on EUR/DKK
In Sweden, the week ahead is set to peak on Tuesday as Statistics Sweden publishes December 2013 inflation. It looks as if CPIF inflation in December will fall slightly short of the Riksbank’s forecast, at 0.5% y/y instead of 0.6% y/y.
FX Daily
Focus will be on the US employment report for December and we expect it to be strong. We expect non-farm payrolls to have increased by 205,000 in December mainly driven by