Shares 103 Views

SEK’s outlook appears constructive – Danske Bank

Jakob Christensen, Chief Analyst at Danske Bank, assessed the prospects for the Swedish Krona in light of the upcoming Riksbank meeting.

Key Quotes

“For the SEK, the week is absent of any economic releases of significance. Hence, the currency may trade on the general risk sentiment, which has recently provided some momentum to SEK”.

“The market may also start to look forward increasingly to the Riksbank meeting on 15 February, where the current easing bias may be reduced as promoted by the three December policy committee dissenters”.

“Recent data, not least inflation expectations, may convince some of the more proactive members to accept less biased policy signals. The market could use that as an excuse to add to short EURSEK”.

“The ‘RB is done’ story is key as to why we are strategically bullish on the SEK, but we have also highlighted that, in our view, market pricing on a one-three year basis on how rapidly it will hike is getting somewhat stretched. Hence, we are reluctant to go short here and prefer to await a better entry level”.

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: