1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

EUR/SEK further rangebound lies ahead – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Senior Analyst at Danske Bank Morten Helt still sees the cross keeping the consolidative pattern for the time being.

    Key Quotes

    “We continue to see EUR/SEK range bound in the coming months but we have become slightly more bearish with respect to the near term outlook after Riksbank member Skingsley last week reiterated her standpoint of greater tolerance towards SEK appreciation in excess of its own forecast”.

    “Indeed, we do not know whether her view is shared by Ingves and Jochnick but it is possible that the pain threshold has been lowered somewhat”.

    “To the extent that the Riksbank is ok with a stronger SEK, we think that the fair range for EUR/SEK has shifted down to 9.15-9.40”.
    For more information, read our latest forex news.
     

Share This Page