Free Trial
EURJPY TECHS

Corrective Cycle Still In Play

USDJPY TECHS

Trend Needle Still Points North

EURGBP TECHS

Corrective Pullback

OPTIONS

Larger FX Option Pipeline

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
EURO-SEK
EURO-SEK: Goldman Sachs recommend getting short EUR/SEK with a target of
SEK9.60, and a stop at SEK10.60.
- Goldman Sachs writes that "the economy in Sweden is operating well beyond
potential, inflation is on target, and yet policy remains accommodative. To be
fair, this has been the case for some time now, but we think "this time is
different" as the Riksbank's communication about normalization has become
decidedly more concrete in recent months. Our analysis suggests policymakers in
Sweden will ultimately need to tighten policy sooner and more aggressively than
their counterparts at the ECB, and we expect this will include some SEK
appreciation. While domestic policy should provide some protection, the main
risk to this trade is a more marked deterioration in Euro area sentiment, which
tends to weigh on SEK. This supplants our previous trade recommendation to go
long an equally-weighted basket of SEK and NOK, which we close for a potential
profit of 1.05%."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.