Tag Archives: EUR/SEK
Weaker SEK & CAD look likely. German & US bonds look healthier
EUR/USD: The drift higher is still on, prolonging the short-term correctional move, possibly towards the mid-body point of the bearish weekly candle ending Nov1 at 1.3645.
Global FX Strategy: The link between FX and equities
EURUSD down: what does it take? The single key risk for the EURUSD remains US Treasury yields; this year correlation has flipped,
A new Nordic Outlook is released – ECB to launch QE
Today we publish our new Nordic Outlook, which contains all our latest macro projectionsincluding updated medium and long-term financial forecasts.
FX Daily
Market movers today * US consumer confidence for November (Conference Board) is expected to rise slightly following a steep decline in October partly related to the government shutdown.
A “Bearish engulfing candle” in cable has been added
EUR/USD: Nearby short-term refs to keep an eye on are located at1.3400 & 1.3585 and one has to yield to show the way. Nextabove would then be a weekly mid-body point at 1.3645 and
Diverging dollars. EUR/SEK ready for the next rise.
EUR/USD: Contrary to our view the pair remained firmly underpinnedon Friday moving above the 1.3488/98 resistance and up toa broader resistance cluster, 1.3550/84 (prior peak andtrend lines).
Commodity currencies continues to be sold off
EUR/USD: The 1.3488 bounce probably completed the mid bodycorrection in just one session (instead of the more normal 2-3 periods) hence downside pressure is now expected toreturn.
FX Daily
Market movers today * In the data calendar the main event is the IFO business survey in Germany.
FX Daily
Market movers today * In the data calendar the main events are the releases of flash PMIs for the euro area, Germany and France.
Dollar’s hot, euros not. Sell commodity currencies.
EUR/USD: So with the final pop up, spiking above the 55d ma band theeight and a half day long correction finally came to an end.
Weaker CAD, AUD & SEK looks increasingly likely.
EUR/USD: The move higher hasn’t changed in shape, nor has itchanged direction. It looks correctional and as such it is stillthought to end somewhere near 1.3550.