OctaFX | OctaFX Forex Broker
Open trading account
Back

Mild uptrend in EUR/SEK seems to remain in place - Nordea

A very mild uptrend in EUR/SEK seems to remain in place, though price-action is far from convincing, according to Nordea market strategists. 

The currency pair has risen from 10.4155 to 10.53930 in the 2.5-weeks to Jan. 13 and has traded in a sideways manner ever since. At press time, the pair is seen at 10.5630. 

Key quotes

The positive turn-around in the Swedish housing market also suggests that any near-term weakness in retail sales is a temporary phenomenon.

House price inflation reaching 10% yoy this year can’t be ruled out. This would be good news for demand growth.
 

USD/IDR Price Analysis: Drops to multi-year-old support trendline near 13,600

USD/IDR trades near 13,630 during the early Monday. In doing so, the pair extends the declines below 50-month SMA and 23.6% Fibonacci retracement of i
Read more Previous

Brazilian assets: Relatively unscathed amid coronavirus outbreak – Rabobank

Analysts at Rabobank describe the previous week’s rise in safe-havens, due to global risk-off sentiment triggered by fears of an escalating coronaviru
Read more Next
Start livechat