EUR/SEK: Downside potential in Krona seems to suddenly be limited – Commerzbank
- ByFXStreet-
An “invisible hand” in EUR/SEK? Economists at Commerzbank analyze the pair’s outlook.
An “invisible hand” in EUR/SEK? Economists at Commerzbank analyze the pair’s outlook.
EUR/SEK remains slightly above 11.40. Economists at Société Générale analyze the pair’s outlook.
The Riksbank decided against hiking its key rate in November.
The Swedish krona moved sideways after the latest interest rate decision by Riksbank.
It seems investors are starting to think that the Fed is done with rate hikes and are now starting to reduce underweight positions in risk assets, including emerging market...
TThe ECB meeting proved to be a non-event, and EUR/USD is now left with an ever-unfavourable rate differential. In addition, with US GDP coming in strong
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Sell | Strong Sell | Strong Sell | Strong Sell | Buy |
| Technical Indicators | Strong Sell | Sell | Strong Sell | Strong Sell | Sell |
| Summary | Strong Sell | Strong Sell | Strong Sell | Strong Sell | Neutral |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Completed Patterns | |||||
| Engulfing Bearish | 1D | 4 | Dec 01, 2023 | ||
| Three Outside Down Bearish | 5H | 32 | Nov 29, 2023 03:00 | ||
| Engulfing Bearish | 5H | 33 | Nov 28, 2023 22:00 | ||
| Doji Star Bullish | 30 | 36 | Dec 07, 2023 00:00 | ||
Exchange | Last | Bid | Ask | Volume | Change % | Currency | Time | ||
|---|---|---|---|---|---|---|---|---|---|
Real-time Currencies | 11.2704 | 11.2636 | 11.2772 | 0 | -0.03% | SEK | |||
| 11.26 | 0.00 | 0.00 | 0 | 0.00% | SEK |
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Thursday, December 7, 2023 | ||||||
| 13:30 | EUR | -0.20% | -1.90% | |||
| 14:00 | EUR | 4.00% | 4.90% | |||
| 14:00 | EUR | 0.00% | -0.40% | |||
| 15:00 | EUR | -0.40% | 0.20% | -1.30% | ||
| 15:00 | EUR | -3.38% | -3.76% | |||
| 15:00 | EUR | 0.02B | 0.34B | |||
| 15:45 | EUR | -2.90B | -2.80B | |||
| 15:45 | EUR | 49.70B | 49.10B | |||
| 15:45 | EUR | 58.30B | 57.90B | |||
| 15:45 | EUR | 222,926.00M | 224,598.00M | |||
| 15:45 | EUR | -8.60B | -8.50B | -8.90B | ||
| 16:00 | EUR | -1.00% | -1.80% | |||
| 16:00 | EUR | 195.60M | -255.60M | |||
| 17:00 | EUR | -1.10% | -2.00% | |||
| 17:00 | EUR | -0.20% | -0.30% | 0.10% | ||
| 17:20 | EUR | |||||
| 17:50 | EUR | 3.589% | 3.726% | |||
| 17:50 | EUR | 2.831% | 3.295% | |||
| 18:00 | EUR | 0.30% | 1.20% | |||
| 18:00 | EUR | 0.40% | 0.10% | -0.40% | ||
| 18:00 | EUR | 2.75% | 3.32% | |||
| 18:00 | EUR | 0.20% | 0.30% | 0.10% | ||
| 18:00 | EUR | 1.30% | 1.40% | 1.30% | ||
| 18:00 | EUR | 166,966.20K | 166,966.20K | 166,745.30K | ||
| 18:00 | EUR | |||||
| 18:00 | EUR | 0.00% | 0.10% | 0.50% | ||
| 18:00 | EUR | -0.10% | -0.10% | 0.10% | ||
| 22:30 | EUR | |||||
| Friday, December 8, 2023 | ||||||
| 13:30 | EUR | -0.90% | ||||
| 14:00 | EUR | -1.90% | ||||
| 14:30 | EUR | -0.10% | 0.10% | |||
| 15:00 | SEK | -0.50% | ||||
| 15:00 | SEK | -0.50% | ||||
| 15:00 | SEK | -0.70% | ||||
| 15:00 | SEK | 1.90% | ||||
| 15:00 | SEK | 0.60% | ||||
| 15:00 | SEK | 3.60% | ||||
| 15:00 | EUR | 3.20% | 3.80% | |||
| 15:00 | EUR | -0.40% | 0.00% | |||
| 15:00 | EUR | -0.70% | -0.20% | |||
| 15:00 | EUR | 2.30% | 3.00% | |||
| 15:00 | EUR | 0.30% | ||||
| 15:00 | EUR | 2.80% | ||||
| 15:00 | EUR | -0.29B | ||||
| 16:00 | EUR | 333.70M | ||||
| 17:00 | EUR | 224,598.00M | ||||
| 18:00 | EUR | 3.40% | ||||
| 18:00 | EUR | 3.80% | ||||
| 18:00 | EUR | 2.00% | ||||
| 19:00 | EUR | 2.10% | ||||
| 19:00 | EUR | -0.40% | ||||
| Current Rate | 4.50% | |
| President | Christine Lagarde |
Bank of Sweden(Riksbank) | ||
| Current Rate | 4.00% | |
| Chairman | Stefan Ingves |