OctaFX | OctaFX Forex Broker
Open trading account
Back

SEK eyes the Swedish housing market for direction – Danske Bank

Mathias Mogensen, Analyst at Danske Bank, noted the Swedish Krona stays vigilant on today’s announcement in the critical housing market.

Key Quotes

“Today, the Swedish government is expected (it is not 100% certain) to decide on t he FSA’s amortisation proposal in which all new mortgage holders who borrow more than 4.5 times their gross income must amortise 1pp more of their mortgage per year than what they need to amortise today. This is a potential major market mover”

“If the government gives the green light to the FSA proposal it could send EURSEK a bit higher, whereas a red light should open for a bigger correction lower in EURSEK. Key support is found around 9.81 and resistance just below 10.02. We still prefer to buy on dips and look for an eventual break of 10.00”.

EUR/GBP could slip back to the 0.8790 area – Commerzbank

The European cross could see its downside re-test the 0.8790 area, where sits the 200-day sma. Key Quotes “EUR/GBP is under pressure and looks set t
Read more Previous

China: PMI picked up in November - Nomura

Analysts at Nomura explain that China’s official PMI rebounded by 0.2 percentage points (pp) to 51.8 in November, against market expectations of a con
Read more Next
Start livechat