Tag Archives: SEK
FX Ringside
Considerable downward revisions to the rate path by the Riksbank yesterday came as a surprise to us and have made us change the short-term outlook for monetary policy.
FX G10/EM Morning Trader Views
EUR – Full reverse off the 1.32 resistance lvl yesterday. With many of the shorts all taken off the day before not much to stand in the way of it coming lower,
FX Daily Strategist: US
Japan Lifer Plans don’t signal a big investment shift so far; Weekly MoF data eyed USDJPY fell from 98.00 to below 96.00 in early Asian session. However, spot has already recovered all its losses.
FX Ringside
For years we have argued that currencies enjoying strong fundamentals and slightly higher bond yields, such as commodity and Scandinavian currencies should benefit from portfolio inflows.
FX G10/EM Morning Trader Views
EUR – Stuck in a 1.3020/1.3120 range, while risk sells off and commodities get hit. Ultimately happy to sell rallies towards 1.3150 with a stop above 1.3220
FX Daily Strategist: US
A risk-averse start to the week on Chinese data JPY should continue to remain well supported, with the commodity currencies on the defensive following surprisingly weaker Chinese data over Q1.
FX G10/EM Morning Trader Views
EUR – Awash of any real direction or impetus in the headline pair for now, 1.3020/1.3150 framed us for most of last week with lots of bullish recommendations circulating with EURJPY
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.
FX G10/EM Morning Trader Views
EUR – Exactly the same as yesterday but with no FED minutes to look forward to. Volumes are decreasing and ranges contracting.
FX G10/EM Morning Trader Views
EUR – The price action yesterday was death by a thousand cuts, with low volume and a slow stuttering squeeze. We ran out of steam rather than ran into supply at around 1.3100 and
FX G10/EM Morning Trader Views
EUR – German IP at 11:00. After last week’s brutal 3 big-fig rally, the dust should start to settle. Cross yen moves, weak US data and market position have been the drivers but I would expect fresh EUR shorts,
ECB to dig further in the toolbox
Market movers ahead – US consumers are back in focus. Retail sales should continue at decent pace in March.