EUR/SEK a test of 10.40 could be a selling opportunity – Danske Bank

Allan von Mehren, Chief Analyst at Danske Bank, sees a test of 10.40 as an opportunity to short EUR/SEK. Key Quotes “For SEK, both monetary and government policy is in focus”. “Today, Löfven (Social Democrats) is supposed to give an initial report to the speaker regarding hi ...

SEK: Return of the hawks? – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, explains that the uptrend that that led to a 13% appreciation in EUR/SEK between summer 2017 and its recent August 29 peak has recently been showing signs of waning. Key Quotes “The EUR has underperformed the majority of other G10 currencies sinc ...

SEK keeps the 3-month bullish stance intact – Danske Bank

Stefan Mellin, Senior Analyst at Danske Bank, expects the Riksbank to hike rates in December or February with the subsequent appreciation of the Krona in the near term. Key Quotes “We have a 3M bullish view on the SEK based on the Riksbank delivering its first hike in seven years. Our 3 ...

Fade strength in EUR/SEK – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen recommended fading occasional bullish attempts in EUR/SEK. Key Quotes “In neighbouring Sweden, the SEK has seen support from markets more or less fully pricing in a December Riksbank rate hike”. “In the near term, the cross remain ...

Riksbank still expected to hike rates in December – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen gives his views on the prospects of a rate hike by the Riksbank by year-end. Key Quotes “EUR/SEK is gyrating between risk-off and December hike on. As noted, the upside inflation miss had a substantial impact on the SEK yesterday, with EUR/SE ...

SEK stays vigilant on politics – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, gives her views on the Swedish political scenario and the Krona. Key Quotes “EUR/SEK edged higher after Ulf Kristersson said that the door to form an Alliance government with support from Social Democrats (SD) is closed. The announcement jus ...

EUR/SEK seen at 10.50 in the near term – Danske Bank

Analyst at Danske Bank Aila Mihr expects the cross to advance to the 10.50 level within a month’s view. Key Quotes “We have argued that the SEK should strengthen (versus the EUR) until December, when we expect the Riksbank to deliver its first hike in seven years: 3M targe ...

SEK remains vigilant on politics – Danske Bank

Piet Christensen, Senior Analyst at Danske Bank, noted the influence of domestic politics on the prospects for SEK. Key Quotes “EUR/SEK is trading north amid continued political turmoil in Sweden and USD/SEK breaching above 9.00 again”. “With Kristersson trying to form ...

EUR/SEK still looks south – Danske Bank

In view of Senior Analyst at Danske Bank Piet Christiansen, SEK is expected to gather further traction in the next months. Key Quotes “EUR/SEK temporarily moved below 10.30 on Friday driven by a general sell-off in EUR and decent retails sales figures from Sweden. There is no doubt th ...

SEK expected to gather extra steam near term – Danske Bank

The Swedish Krona is poised to generate further traction in the near term, suggested Arne Rasmussen, Chief Analyst at Danske Bank. Key Quotes “EUR/SEK temporarily moved below 10.30 yesterday following strong NIER data and general EUR weakness”. “Today’s retail sales data i ...

SEK stays vigilant on the Riksbank – Danske Bank

Senior Analyst at Danske Bank Stefan Mellin sees the Riksbank raising rates in December and the SEK picking up pace in the following months. Key Quotes “We now expect a 25bp Riksbank hike in December (previously 10bp in July 2019). This would be the first hike in seven years – ...

SEK poised to gather traction next months – Danske Bank

Christin Tuxen, Chief Analyst at Danske Bank, noted the Swedish Krona could appreciate in the coming months. Key Quotes “Key for the SEK is Swedish August inflation numbers slightly higher than the Riksbank for CPIF and CPIF excluding energy alike. If correct, it could help EUR/SEK t ...

NOK seen appreciating further in the next months – Danske Bank

Senior Economist at Danske Bank Vladimir Miklashevsky noted the Norwegian Krone remains poised to gather upside traction in the next months. Key Quotes “In the Scandi sphere, EUR/SEK was remarkably calm for once yesterday, but EUR/NOK headed steadily lower through the day in what – t ...

Sweden: Close elections outcome – Danske Bank

The Swedish election turned out to be a very close run between the ruling Social Democratic government and the right wing opposition, point out the research team at Danske Bank. Key Quotes “Hence, it is uncertain who will be the next prime minister in Sweden as the right win ...