Free Trial

Nordea's month-end FX indicator recommends....>

FOREX: Nordea's month-end FX indicator recommends buying SEK or EUR against the
JPY, but they caution that the SOMA-day on October 1st could complicate matters.
Nordea write:
-Slight buy signals appear for EUR and SEK, and sell signals for JPY, as
Japanese equity and bond markets are the outlier for the month.
-JPY markets are the only markets to perform out of the ordinary for September.
-Nordea watch the 'SOMA-day' on Sunday Sep30 taking effect on October 1st and
expected the USD and the JPY to perform well (particularly after 1430CET). 
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



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.