Scandinavia Quiet ahead of Swedish Rate Announcement
April 19, 2011 4:10 pm by Greg HoldenThe Scandinavian currencies have been trading mildly within the same trends which they possessed over the past week or more. The Swedish krona is still gaining on statements by the central government that it would raise taxes next year, continue ...
Rising Oil Prices Help NOK against Main Rivals
April 6, 2011 7:45 am by Dan EduardThe Norwegian krone had a very profitable week, as rising oil prices helped support the Scandinavian currency against its main currency rivals. Continued rumors of a Norwegian interest rate hike also helped support the currency. Against the US ...
EUR/SEK Likely to See Downtrend
March 29, 2011 1:08 pm by Dan EduardFollowing the recent bullish session the euro saw against the Swedish krona, it now appears that the pair has reached its peak and may turn downward. Technical indicators are showing that a prolonged bearish correction is likely to occur, ...
Euro Sees Bullish Week against SEK and NOK
March 29, 2011 12:54 pm by Dan EduardThe last week saw the euro make fairly significant gains against the SEK, while it slowed down its recent bullish trend against the NOK. This was largely due to the likelihood that the euro-zone will raise interest rates next ...
Stockholm or Bust: Sweden’s Powerhouse Economy
March 8, 2011 11:00 am by Greg HoldenA variety of articles have analyzed the rising strength of the Swedish krona (SEK) to point of exhaustion. A key aspect emphasized, though – as is usual in this global economic environment – is caution. But is caution warranted when ...
EUR/SEK Signals Mixed, Expecting Mild Retracement
February 15, 2011 12:00 pm by Greg HoldenThe technical indicators for the EUR/SEK reveal an impending retracement to the latest price downturn, but these signals appear weak.
Swedish Krona Bullish after Riksbank Rate Hike
February 15, 2011 11:30 am by Greg HoldenThe Swedish economy is once more at the forefront of Scandinavian news, with the krona (SEK) bullish against its primary rivals. After an increase to the short-term repo rate by the Riksbank, forecasts on the SEK appear to favor additional ...
NOK Lower as Crude Oil Prices Plummet
February 8, 2011 12:43 pm by Greg HoldenAmid the mixed results of the US dollar against most of its currency rivals, the Scandinavian kroner have actually given up ground versus their American currency counterpart.
USD/SEK’s Bearish Momentum
February 1, 2011 11:31 am by Greg HoldenAs we can see from the chart below (provided by ForexYard), the USD/SEK has been trading within a major downtrend for some time now. The current reading has pushed below the Sept. 2009 price, making this a 2-year low price ...
Swedish Krona Reaches 10-yr High vs. EUR
February 1, 2011 11:30 am by Greg HoldenThe Swedish economy has been outperforming many of its regional neighbors over the past few years and traders are beginning to see a signal that its currency is breaking barriers.
