Tag Archives: EUR/SEK
Strong signs of more sek weakness going forward
EUR/USD: The market failed to make the outlined 1.3462 test (andbreak) and instead, after an early and failed attempt tobreak 1.3485, bounced back mid range.
FX Daily Strategist: US
USD on a stronger footing, but market anxiety likely to build as we head into next week The USD is trading on a stronger footing following reports suggesting that US politicians are at least keen to start get back to the negotiating table.
G10 FX Spot Commentary
EURUSD: Support – 1.3450/60 Resistance – 1.3610, 1.3630, 1.3710 In summary, the minutes proved to be a little more on the hawkish side but the impact was limited overall with the focus now very much back on Washington.
FX Market Drivers: CPI in Scandies may be of great importance
The US: Janet Yellen will be the new chairman of the Federal Reserve. A dove (Ben Bernanke) is being followed by an ultra dove (Janet Yellen).
Sell GBP and CAD. USD/NOK bull flag ready to go
EUR/USD: So far the market is following the textbook step by step.False range breaks (last week ended with an up thrust peakabove 1.3569) have a strong tendency of
FX Daily
Market movers today * President Barack Obama has scheduled meetings with House Republicans in a first sign of easing the logjam.
FX Market Drivers open recommendations
The US: Due to the shutdown of government, many economic indicators are not released. It isexpected that the economic indicators will be released two days after the shutdown ofgovernment ends.
JPY, CAD, SEK & EM (ZAR & TRY weakness)
EUR/USD: There is a near-term tilt to the downside which would grow in strength on a move below 1.3538. But so far sellers lack the impetus to exit lower in line with the most recent benchmark candle.
FX Daily
Market movers today * In the US an agreement on increasing the debt ceiling does not appear to be imminent.
G10 Macroprudentials and FX implications
For much of the past 3-4 years, our quarterly Currency Strategy has recommended small, fundamentally strong peripheral G10 currencies at the expense of their money-printing G4 counterparts.
FX Daily
Market movers today * Focus in the market will continue to be on political developments in the US although a decisive breakthrough in the political wrangling does not appear to be imminent.
Markets look contained in the wake of the U.S. budget stalemate
EUR/USD: Action was lukewarm, at best, yesterday. But with the market staying below Fri’s mid-body point of 1.3590there is a near-term downside tilt.