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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EURSEK
EURSEK is trading lower this morning and maintains last week’s bearish theme.
- This morning Swedish inflation came in above consensus expectations and we have already seen Nordea and Swedbank pull forward their expectations of the first Riksbank hikes with both now looking for the next move in September 2022.
- From a technical perspective, the cross is approaching an area of key support; the 50-day EMA at 10.5365 and a bull channel base at 10.5060. The channel is drawn from the Nov 9 low.
- A channel break out would highlight an important break and signal scope for a deeper pullback towards 10.3670, the Feb 2 low.
- Bulls will be looking for the channel base to hold. Resistance to watch is 10.7818, the Mar 10 high.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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