Tag Archives: NOK/SEK
Scandi markets ahead: Riksbank rate cut this week
We expect the Riksbank is likely to cut the repo rate this week. We would also not besurprised to see something more/else, with the most likely course of action being adownside premium in addition to the cut.
Very positive $ signs. Scandies to suffer more.
EUR/USD: Even if it still has to be seen whether the price ends backwithin the 55w Bollinger (see yday TA) or not other signs ofweakness are resurfacing today.
EUR/USD is possibly peaking. EUR/SEK under 8.98 would trigger a correction lower.
EUR/USD: Sellers responded to the move above an alternative 127.2%Fibo and negotiated the close just below it. A move under anear-term 1.3745 pivot would show near-term initiative andtarget 1.3695.
Global FX Strategy: SEK ahead of the Riksbank
SEK: Riksbank on hold not necessarily SEK bullish To cut or not to cut in December is a hard guess, but a scenario where the Riksbank leaves rates unchanged will likely come with a lower rate path,
FX trade ideas for 2014
This year has seen a strong recovery in the euro and dollar at the expense of commoditycurrencies, Scandies and the JPY. Central banks still play the most important role in guiding FXmarkets,
The euro is still bid and the yen relentlessly offered. EUR/SEK targets >9.0050.
EUR/USD: We are stubbornly clinging to the idea of the advance beingcorrectional. We have to admit it has gone farther thanthought, but it looks correctional nevertheless.
The greenback remains apprehensive
EUR: we remain negative on the single currency As expected, the European Central Bank kept its monetary policy on hold last week,
JPY weakness. CABLE peaking?
EUR/USD: The market opened the week with an unusually big gap (to1.3748) higher only to immediately trade lower filling thegap to the NY close, 1.3706.
Scandi markets ahead: Inflation and government bond auction week
Swedish November inflation data are published on Thursday. We expect a slighttightening of the deviation from the Riksbank’s latest CPIF forecast from 0.4pp to 0.3pp.
FX Viewpoint: inflation focus
Whatever it takes. And it does take very little from ECB to keep the EUR strengthening: just a do nothing with Draghi’s philosophical “if the time ever comes” for the new measures.
€ on a firm footing. NOK/SEK decline to pause.
EUR/USD: Again a dip below 1.3550 was met by aggressive buyingpushing the pair up to a new correctional high, 1.3678,hence passing the ideal correction target at
EUR/USD eyeing 1.3645, AUD s/t reaction underway
EUR/USD: The development during the past 48h shows that there stillare unfilled bids and sideways range established duringDecember should probably be seen