Tag Archives: NOK/SEK
Technical Analysis
EUR weakness continues and EUR/USD posted the biggest weekly loser since Sept 2011, falling straight through its correction range, Spanish 10y Bono shortly violated its 7.02% key support = confirmation of new trend highs,
Technical Analysis
Most trends now back on track after the prolonged corrections triggered by the EU summit last Friday. Spain (Italy) made a impressive return into the limelight (sharply falling equites, zooming bond yield (net up 56 bps in two days), widening spreads)).
Daily FX Technical Strategy: SEK on the launchpad
In the run up to the Independence Day holiday in the US, FX trading is likely to become increasingly choppy and listless. One bright spot though could be the Swedish Krona, which is on the cusp of delivering a series of major bullish signals.
Technical Analysis
Mid body reactions, EUR/SEK 8.6990 a must watch… EUR/USD Mid body test… USD/JPY Still struggling with the line… EUR/SEK On the verge of breaking… USD/SEK Waiting for signs of buying… EUR/NOK Very strong rejection… NOK/SEK Last line of defense.
FX Ringside
SEK was our favored currency in the latest Currency Strategy and over the past 5 weeks EUR/SEK has fallen more than 4%. We continue to expect a stronger SEK over time but EUR/SEK has now moved beyond our Q3 target and the move lower looks a bit overdone short-term.
Technical Analysis
It’s all about the EU summit. Technically no changes only an opportunity to get in at better levels we think. EURUSD look for offers around 1.2625, same for AUDUSD around 1.0170,
Technical Analysis
Not much to report except our bullish NOK/SEK call been proven wrong with the 1.1715 break. Other than that corrections/congestions still ongoing but seen as being in the latter stages.
Technical Analysis
Only limited moves seen overnight and the market seems to have entered a short term congestion. EUR selling/USD & JPY buying is however expected to soon be resumed.
Low expectations ahead of growth focused EU summit
This week the leaders of all EU countries will meet for a summit and of course as usual the debt crisis will be up for discussion. According to the draft agenda the Council will focus its discussions on initiatives to boost growth and jobs including structural reforms while aiming to agree an “EU growth agenda” […]
Technical Analysis
Buy dollars, yen and nok/sek. Sell equities… EUR/USD Eyeing next the 1.2435 supp… USD/JPY Bearish key day reversal… AUD/JPY Rejection from ma bands… EUR/SEK Higher but still within range…
Technical Analysis
Commodities falling sharply, OIL falling through its trapdoor (ending the week here and we will be looking for the mid 70’s). Accordingly commodity ccy’s should suffer so watch out for AUD selling (not to mention russian equities, that’s a head and shoulders top!).
Technical Analysis
EUR correction running late, NOK weaker… EUR/USD In the midst of the target area… USD/JPY Worth keeping en eye at… EUR/SEK Hovering above support… USD/SEK Firming support… EUR/NOK Another key day reversal… NOK/SEK Back to the drawing board.