EUR/SEK upticks remain a selling opportunity – Rabobank

Head of FX Strategy at Rabobank Jane Foley sees occasional strength in the Swedish Krona as opportunities to sell the cross. Key Quotes “Following the release of soft CPI inflation data at the start of the year, the Riksbank has been able to push back against expectations of an imminent rat ...

EUR/SEK remains a ‘buy on dips’ – Danske Bank

Arne Rasmussen, Chief Analyst at Danske Bank, remains of the view that the Krone faces further depreciation in the next periods. Key Quotes “In terms of the SEK, it is all about next week’s Riksbank meeting”. “We have seen EUR/SEK come a little lower as expected, but w ...

SEK keeps the bearishness intact so far – Danske Bank

Senior Analyst at Danske Bank Stefan Mellin noted the negative stance on the Swedish Krona remains intact so far. Key Quotes “We acknowledge that EUR/SEK is at elevated levels. However, we believe that long-term-misalignment and mean-reversion calls suggesting that the cross is close to ...

EUR/SEK in multi-year highs near 10.380 post-CPI

SEK depreciates to the lowest level since late 2009. Swedish inflation figures came in below expectation in March. ECB minutes next of relevance in the euro area. The selling pressure around the Swedish Krona has intensified today and is now pushing EUR/SEK to trade in multi-year tops in th ...

Expect further upside in EUR/SEK – Danske Bank

The Krona is seen depreciating further in the near term, suggested Analyst at Danske Bank Mathias Mogensen. Key Quotes “Implied EUR/SEK volatility is still low considering all events that lie ahead in the next few weeks”. “Implied volatility up to a month has indeed begun to cree ...

CHF, NOK to appreciate over the next year – Reuters poll

Reuters is out with a poll result that says participants are expecting the Swiss Franc and Norweigan Krone to gain on the US Dollar this year. Key quotes (source: Reuters) The two Nordic currencies sharply underperformed in 2017 amid worries that house prices could collapse, despit ...

NOK, SEK keeps navigating opposite ways – Danske Bank

Allan von Mehren, Chief Analyst at Danske Bank, noted the Swedish Krona is expected to depreciate further in the next months. Key Quotes “Some may argue that the Swedish housing market has troughed already. We disagree and that is one reason why we have a negative take on the SEK and stil ...

EUR/SEK risks extra upside – Danske Bank

In view of Allan von Mehren, Chief Analyst at Danske Bank, the Swedish Krona is exposed to further weakness in the short term. Key Quotes “EUR/SEK reached our 3M 10.30 target going into Easter in what seems to be a combination of risk-off, light holiday trading, relatively huge dividen ...

SEK could gather some pace in the near term – Danske Bank

Mikael Milhoj, Senior Analyst at Danske Bank, assessed the prospects for the Scandinavian currency in the near term. Key Quotes “In our quarterly FX survey that was published yesterday, our clients have not given up on a recovery for the SEK, though they expect it to stay above 10.00 in 3M ...

EUR/SEK off multi-year tops, around 10.28

The cross tests the vicinity of 10.30, or multi-year peaks. Swedish Retail Sales came in below expectations in February. Riksbank’s Skingsley favoured raising rates before the ECB. The Swedish Krona is extending the decline on Wednesday and is now pushing EUR/SEK to fresh multi-year top ...

EUR/SEK still a ‘buy on dips’ – Danske Bank

Senior Analyst at Danske Bank Sverre Holbek assessed the recent price action around the Swedish Krona. Key Quotes “As expected, EUR/SEK has rebounded sharply after dropping to a 10.05 low, although faster than expected and the cross is now trading close to our 1M 10.20 target” ...

SEK: Re-weakened by the Donald – Nordea Markets

Analysts at Nordea markets explain that last week they entered a EUR/SEK short in their tactical convictions, but the position has so far failed to perform, as Donald Trump’s new set of tariffs re-weakened the SEK. Key Quotes “We still judge that the Swedish surprise index has a larg ...

EUR/SEK keeps the bullish stance – Danske Bank

Chief Analyst at Danske Bank Jens Sorensen keeps the constructive tone on the cross. Key Quotes “Martin Flodén repeated yesterday that the Riksbank maintains its current strategy, which means continuing to pursue sufficiently supportive monetary policy to bring inflation up to 2% an ...

EUR/SEK stays constructive – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen reviewed the recent performance of the cross. Key Quotes “The setback in EUR/SEK from above 10.20 was justified, as the cross became heavily overbought (RSI) and was prone for a correction but has also gone hand in hand with lower EUR-SEK relativ ...

EUR/SEK tumbles to lows post-data, near 10.10

SEK appreciates further following housing, CPI data. The cross drops to test daily lows in the 10.15 region. SWE CPI rose in line with expectations 1.6% YoY in February. The Swedish Krona is trading on a firm note on Wednesday and is dragging EUR/SEK to fresh daily lows in the 10.1 ...