Tag Archives: SEK
Sweden: Q1 GDP beats forecasts
Swedish GDP was much stronger than expected in the beginning of the year. GDP rose by a full 0.6% q/q.
Riksbank has to consider a 50bp cut
• Negative on risk sentiment • Still bullish on EUR/SEK • We remain bearish on EUR/USD, but note rising risks
Markets correct on expected Fed policy changes
Last week saw a substantial correction in equity markets, particularly in Japan. Although according to several press comments,
FX Quant and Positioning Weekly
Speculators loading up on short EUR contracts Price based indicators • FX-O-meters: AUD/USD down and EUR/AUD up are the strongest trends but also the most stretched currency pairs.
SEK could be exposed short term
Risk of further krona weakness Our call for a relatively weak Swedish GDP number on 29 May does not bode well for Swedish krona over the next couple of weeks.
New macro projections – no stop to QE3 2013
The global economy remains impacted by a clear divergence in growth rates. We see no reason to expect anything other than a very cautious Euro-zone recovery going forward,
FX G10/EM Morning Trader Views
EUR – Well eur finally came lower yesterday, playing catch-up to the broader usd strength theme.
Central banks in focus – speculative flows driving markets
– Risk appetite has surged after the latest (positive) NFP number and USD has strengthened on the contrary to its more common negative correlation with risk appetite.
SEK in a hundred years
– Current value of the SEK close to 1913-2013 average. – Competitiveness and purchasing power at normal levels in a historical perspective. Thus, no major need for the SEK to correct.
FX G10/EM Morning Trader Views
EUR – Frustration again yesterday for eur bears with a retest below 1.2950 met with corp and longer term demand.
FX Daily Strategist: US
EUR downside remains well supported. German data adds to constructive tone. EURUSD came under some initial pressure after ECB president Draghi re-iterated his comments from last week’s