Tag Archives: NOK/SEK
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.
NOK going weaker again? Stock markets look vulnerable. CRB lower.
EUR/USD: The correctional ascent has reached the starting point of themost recent more notable drop and this area ought toattract sellers once again
€/$ at the crossroads. NOK/SEK making way north
EUR/USD: Something’s gotta give way. There’s not much room left to maneuver in without breaking below the floor of the bear flag (preferred scenario) or
Divergent monetary policy between Norway and Sweden
We believe the Riksbank will cut rates by 25bp in December. The Riksbank’s three weeks’ old inflation forecast was 0.4pp off the mark and
Seeking a stronger dollar. €/Scandies consolidating.
EUR/USD: A first attempt to end the current upward correction wasseen yesterday but was apparently not drawing enoughselling to break down from the bear flag.
USD/JPY make or break? Scandies – time for a pause
EUR/USD: The corrective climb yesterday entered an area whereresistance is expected be firmer (previously broken trendline, the 55d ma band, 38.2% Fibo of the decline and a thelatest reaction peak)
Danske Bank: We expect Riksbank to cut rates and raise our EUR/SEK 1M target to 9.00
GBP lost a little territory yesterday against EUR and USD, after a surprisingly low inflation print. With inflation on a declining path,
The euro is clawing back earlier losses, especially against the scandies
EUR/USD: The market failed to contain the pair inside a contractingcontinuation pattern, but it is likely still a bearishcontinuation formation more like a “Flag”
Weaker yen with higher US bond yields
EUR/USD: Nothing much is cooking after ECB over boiled the kettle lastweek. The near-term “Triangle” is normally a continuationpattern and
FX Quant and Positioning Weekly
Spec’s cut excessive bullish EUR position by more than half * Speculators slashed their previously excessively bullish EUR position by more than half.
€/$ – 1 more low. USD/NOK violated the 6.14 key res.
EUR/USD: The lower high and higher low printed Friday indicates thatwe are in the process of constructing a bear triangle.
FX Viewpoint: USD bulls awake
“I think I will abstain from judging the markets. This is one of the hardest things to do and it is usually quite useless because they do what they want, no matter what.”