Tag Archives: EUR/SEK
FX Daily
Market movers today • May PMIs are the key data releases today. • Consensus expectation is for an unchanged US ISM manufacturing at 50.7 but we see potential for a slight improvement.
Scandies and CAD seen weaker
EUR/USD: The move above the 55d ma was soon rejected as the market made a u-turn exploring the downside. A late bounce however left us with a downside spike and
€/$ surprising rebound. EM’s big losers ag. both $ & €
EUR/USD: The break above 1.2991/3013 was not what we had in mind calling for a turn lower yesterday.
FX Daily
Market movers today • We expect only a modest uptick in euro area inflation to 1.4% in May and unchanged 1% core inflation.
FX Daily
Market movers today • In the euro area, the EU Commission is due to release its confidence indicators, which we expect to show some improvement in May from low levels.
Stronger JPY underway, NOK/SEK seen lower
EUR/USD: The (wave e) bounce from the lower boundary of the triangle became more impulsive than normally is the case with e-waves (tends to be weak ahead of a forthcoming break).
FX G10/EM Morning Trader Views
EUR – Still dancing around in the range – yesterdays fail at 1.2950 area topside, with supply from rm/spec accounts – pre-empted the sell off post US consumer confidence data,
Riksbank has to consider a 50bp cut
• Negative on risk sentiment • Still bullish on EUR/SEK • We remain bearish on EUR/USD, but note rising risks
Broad based dollar strength – aussie the biggest loser
EUR/USD: Judging by recent price action the near-term outlook leans towards an already completed correction, but if it is a “Triangle”,
FX Daily
Market movers today • We expect that German inflation has remained subdued in May. Core inflation is running at a very low level and
FX G10/EM Morning Trader Views
EUR – Continues to chop about in this 1.28/1.30 range, with RM/Lev selling the last times we traded to 1.2980/00 lvl while corp names remain buyers on dips to 1.28/1.2830.
FX Daily
Market movers today • In terms of macro data, focus will be on US numbers today. The S&P Case-Shiller house price index is expected to continue the upward trend.