EUR/SEK to test multi-decade highs of 11.20 – Credit Suisse
- ByFXStreet-
New dovish signals from the Riksbank and a deteriorating risk sentiment backdrop lead analysts at Credit Suisse to expect further EUR/SEK upside. A te
New dovish signals from the Riksbank and a deteriorating risk sentiment backdrop lead analysts at Credit Suisse to expect further EUR/SEK upside. A te
The krona has continued to weaken over the past month resulting in EUR/SEK hitting an intra-day high of 10.740 in June. As economists at MUFG Bank not
Riksbank hiked its policy rate by 50 bps on Thursday. The Swedish krona was unable to benefit significantly from the decision. Economists at Commerzba
A weaker krona, above-expectation inflation readings, and a lack of scheduled meetings later this year, mean a 50bp rate hike from the Riksbank this Thursday looks highly likely.
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Strong Sell | Strong Sell | Strong Sell | Buy | Strong Buy |
| Technical Indicators | Strong Sell | Strong Sell | Strong Sell | Strong Buy | Strong Buy |
| Summary | Strong Sell | Strong Sell | Strong Sell | Strong Buy | Strong Buy |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Emerging Patterns | |||||
| Hammer Bullish | 1H | Current | |||
| Hammer Bullish | 30 | Current | |||
| Hammer Bullish | 15 | Current | |||
| Completed Patterns | |||||
| Three Black Crows | 1W | 15 | Mar 20, 2022 | ||
| Doji Star Bearish | 1D | 17 | Jun 14, 2022 | ||
| Three Black Crows | 1D | 40 | May 12, 2022 | ||
Exchange | Last | Bid | Ask | Volume | Change % | Currency | Time | ||
|---|---|---|---|---|---|---|---|---|---|
Real-time FX | 10.7252 | 10.7233 | 10.7271 | 113,071 | +0.02% | SEK | |||
| 10.7525 | 10.7385 | 10.746 | 1 | +0.06% | SEK |
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Thursday, 7 July 2022 | ||||||
| 05:30 | EUR | 8.60% | 8.80% | |||
| 06:00 | EUR | 2.70% | 1.90% | |||
| 06:00 | EUR | 21.90% | 20.00% | |||
| 07:00 | EUR | 0.20% | 0.40% | 1.30% | ||
| 08:00 | EUR | |||||
| 08:45 | EUR | 237,654.00M | ||||
| 08:45 | EUR | |||||
| 10:00 | EUR | 1.72% | ||||
| 10:00 | EUR | 48.80% | ||||
| 10:30 | EUR | |||||
| 10:45 | EUR | |||||
| 12:00 | EUR | 2.046% | ||||
| 12:30 | EUR | |||||
| 18:30 | EUR | |||||
| Friday, 8 July 2022 | ||||||
| 05:30 | EUR | 5.30% | ||||
| 06:00 | EUR | 7.30% | ||||
| 07:00 | EUR | 18.90% | ||||
| 07:00 | EUR | 2.30% | ||||
| 07:45 | EUR | -3.40B | ||||
| 07:45 | EUR | 46.70B | ||||
| 07:45 | EUR | 58.90B | ||||
| 07:45 | EUR | -12.80B | -12.20B | |||
| 08:00 | EUR | 9.10% | ||||
| 08:00 | EUR | -1,612.00M | ||||
| 08:00 | EUR | -530.80M | -503.30M | |||
| 09:00 | EUR | -1.10% | 1.60% | |||
| 09:00 | EUR | 4.00% | 4.20% | |||
| 10:00 | EUR | 11.30% | ||||
| 10:00 | EUR | 10.50% | ||||
| 10:00 | EUR | -4.50% | ||||
| 11:00 | EUR | 16.90% | ||||
| 11:00 | EUR | 4.00% | ||||
| 12:55 | EUR | |||||
| 20:30 | EUR | -10.60K | ||||
| Current Rate | 0.00% | |
| President | Christine Lagarde |
Bank of Sweden(Riksbank) | ||
| Current Rate | 0.75% | |
| Chairman | Stefan Ingves |