Tag Archives: NOK/SEK
Scandi markets ahead: Riksbank meeting, Inflation data and government bond auctions
In Sweden, the Riksbank monetary policy decision (due Thursday at 09:30 CET) willdominate the week ahead and, with a high degree of confidence, we expect nochange in the repo rate.
JPY correction running late. More bond correction.
EUR/USD: The 1.3494/99 break didn’t yield the anticipated rush to sellon the contrary a veritable buying spree followed returningabove 1.3499.
FX Trends daily: FOCUS NOK/SEK
The NOK/SEK has sharply bounced yesterday but the short term trend remains bearish below the key short term resistance at 1.0510 (Resistance line).
EUR/JPY seen as a selling opportunity, $ index higher Thursday
EUR/USD: As we now are into the fourth day of consolidating the steepJan 30-31 decline the bear flag created is getting mature.
EM stress recedes – for now. AUD/NZD correction may be over
EUR/USD: There is nothing it strongly arguing for an impulsive bursthigher. It’s rather a short consolidation to digest the recentslump.
Classic risk-off move – stocks down and yen & swissy up
EUR/USD: The move up from the recent low looks correctional whendissected into sub-daily observations. The resistance zonebetween the daily & weekly mid-body points (1.3520-1.3580) is likely to be respected.
EUR retreating, USD & JPY advancing.
EUR/USD: The new Friday low didn’t become minor at all as the marketcontinued to trade in a very heavy way. The past days priceaction also made January end
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?
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.
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.
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.