Tag Archives: USD/NOK
EUR/GBP higher, USD/NOK buy the dip, EUR/HUF
EUR/USD: It is currently impossible to tell whether we now have apremature (should have been above 1.3774) peak at hand orif the 1.3774+ move still is lurking.
Global FX Strategy – The EUR is not “risky” anymore
EURUSD – Toward 1.40 In an environment of low volatility, the underlying driver for the EURUSD is still the relative flows.
Weekly Forex Report
Despite long-term range, an upside trading opportunity is eyed We question if the near 30% appreciation of the Chinese Yuan versus the US Dollar since 2005 might partially reverse over the course of the year.
AUD under pressure, NZD bid again & EUR/JPY rechecks resistance
EUR/USD: A descending line of support has formed. But old support inthe mid-1.35s is seemingly acting as resistance. There arequite a few refs to reclaim to get the short-term key refabove at 1.3700 back in sight.
The NOK continues to be under pressure
EUR/USD: A choppy intraday session, squeezed between the 1.3581support and the 1.3625/45 resistance end almostunchanged. The latest more was however an impulsive dropfrom 1.3650 to
Reality Check
Somebody once described a consensus as something that ‘everyone agrees tosay collectively that no-one believes individually.’ Given the relatively high levelof market unanimity over FX trades this year (we are no exception),
Falling commodity ccy’s. USD/Scandies bid.
EUR/USD: The market yesterday with a slim margin closed below the55d ma band hence posting yet another bearish message.
Weaker CAD & CHF noted. Looking for a EUR/JPY sell.
EUR/USD: Judging by price action the market remains in aconsolidation/correction in relation to the most recent sharpdrop. This means that another leg lower should materialize.
Scandi markets ahead: Riksbank rate cut this week
We expect the Riksbank is likely to cut the repo rate this week. We would also not besurprised to see something more/else, with the most likely course of action being adownside premium in addition to the cut.
Scandi markets ahead: Inflation and government bond auction week
Swedish November inflation data are published on Thursday. We expect a slighttightening of the deviation from the Riksbank’s latest CPIF forecast from 0.4pp to 0.3pp.
Weekly Forex Report
Nonfarm payrolls leave the door open for a taper in December In the US, upward revisions for the third quarter growth and inflation slightly added to the recent improving economic outlook.
Daily FX Update
FX Market Update—The ECB, BoE and Norges Bank left rates on hold; the risk for EUR is upcoming at 8:30am EST with the press conference,