Tag Archives: SEK
The Global Macro Pulse
Overnight Price Action Equities pared losses after a better-than-expected China flash PMI but markets remained nervous on signs of further tightening in China’s interbank liquidity.
Scandi central banks in focus this week
With the US government open for business once again, financial markets will receive crucial US data this week starting with non-farm payrolls later today.
FX Market Drivers: Eventful week ahead. We recommend short-term BUY of NOK and SEK. Place a sell order for EURUSD
Review Today and tomorrow will see a lot of economic indicators from the US.
Sweden: Unemployment below the Riksbank’s forecast
LFS unemployment stayed flat at 8.0% in September from the previous month (seasonally adjusted). This was in line with consensus but somewhat below our call.
EUR/USD volatility at 6 years low
Three months implied volatility in EUR/USD currently trades at 6 years low just above 7%,which means implied volatilities in the FX market have not been this low since October 2007.
Sweden: Business sector production supports GDP forecast
Statistics Sweden’s indicator for production in the business sector came out somewhat stronger than forecast. Production rose by 1.0% on the month, compared to our call at 0.5%.
Sweden: Inflation below the Riksbank’s view in September
CPI rose in September by 0.4% on the month and was up only 0.1% over the year, 0.1% point below forecasts. CPIF-inflation stood at 0.9% year-on-year, 0.1% point below our call.
FX Daily Strategist: US
Risks for further JPY upside ahead of October 17 Both JPY and CHF are under some pressure this morning while the higher-beta currencies (AUD, SEK and NOK)
G10 Macroprudentials and FX implications
For much of the past 3-4 years, our quarterly Currency Strategy has recommended small, fundamentally strong peripheral G10 currencies at the expense of their money-printing G4 counterparts.
Sweden: Service sector production recovering
Production in the private service sector increased by a healthy 1.5% m/m in August, well above our call at 0.7%. Production also increased over the year, +0.9%.
Global FI Strategy – Behind the curve
Market talk The feeling of a recovery, spurred by the tapering debate and solid data, has rapidly been replaced by a bitter taste of the fragility of the global recovery…