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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.
SEK
- After starting the session on the back foot, on the Dollar bid and the initial risk Off, the SEK trades at Yesterday's best levels, against the EUR, USD and the NOK.
- EURSEK has now dropped ~2.76% from the all time record high, printed last week, now testing small initial support at the 11.66 area, while better is seen at 11.61 (all prices are according to Bloomberg.
- USDSEK now looks to break the 11.000 handle, with next support seen at 10.9850.
- Nokkie Stokkie has cleared the August low, and there isn't much in terms of tech at current level.
- Next sees 1.0115, the 50% retrace of the May/August rally.
Chart source: MNI/Bloomberg
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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