EUR Sees Bullish Movement against Kroner
January 18, 2011 11:35 am by Dan EduardFollowing the successful euro-zone debt auction last week, the EUR was able to finally break out of its downward spiral against the Scandinavian currencies. After falling more than 900 pips late last week, the EUR/SEK has since rebounded and ...
Kroner Remains Bearish Against USD
January 11, 2011 11:30 am by Dan Eduard2011 has seen a series of positive fundamental indicators out of the US that have boosted the greenback against most of its main currency rivals, including the Scandinavian kroner. As the employment and manufacturing sectors in the United States ...
Positive Data Causes the Kroner to Move Up against Dollar
January 4, 2011 11:14 am by Dan EduardAs we start off the new year, we see that the Scandinavian kroner continues to make gains against the US dollar as positive fundamental indicators have boosted confidence in the global economic recovery. While the Scandinavian currencies have also ...
EUR/SEK Bullish Reversal On The Horizon
December 21, 2010 2:49 pm by Dan EduardWith some exceptions, the EUR/SEK pair has been in a continuous downward spiral for the last few weeks, dropping over 1900 pips. Technical indicators are now showing that a bullish correction may occur in the near future. This ...
Irish Debt Crisis Leads to Big Gains for Krona
December 21, 2010 2:39 pm by Dan EduardInvestor fears that the euro-zone will be unable to successfully combat the Irish debt crisis have caused the euro to tumble against all of its main currency rivals, including the Scandinavian kroner. While the ECB has laid out a ...
Scandinavian Kroner Continues to Make Gains on Dollar and Euro
December 7, 2010 5:53 pm by Dan EduardThe Scandinavian kroner saw an overwhelmingly positive week, as the combination of poor US employment data and euro-zone debt worries drove up the currencies. The latest US Non-Farm Employment Change figure, which came in well below expectations when it ...
NOK Vulnerable to European Debt Concerns
November 16, 2010 10:29 am by Greg HoldenThe pressure being placed on Ireland to accept a bailout of its financial institutions has been weighing on risk appetite throughout the region. Traders appear weary of taking on too much risk, which has pulled funds away from the higher ...
Denmark May Raise Rates; Swedish Krona in Decline
November 9, 2010 9:59 pm by Greg HoldenThe liquidity exit of the European Central Bank (ECB) may soon drive regional rates higher than Denmarkâs and subsequently dampen demand for the Danish krone (DKK). Despite their dependence on euro zone credit, Ireland, Greece, and Portugal may find themselves ...
SEK, NOK Losing Momentum from Monetary Policy Statements
November 2, 2010 9:16 pm by Greg HoldenScandinavian interest rate decisions have been affecting the SEK and NOK heavily these past few trading days. Sweden decided to lift interest rates by 25 base points last Tuesday, following a fiery speech by the deputy governor of the Riksbank ...
EUR/SEK Likely to Drop Following Spike
October 26, 2010 6:58 pm by Dan EduardEUR/SEK saw a massive spike of almost 1500 pips on Tuesday, following comments from Sweden's central bank regarding future interest rate hikes. While the pair is still moving up, technical indicators are showing that a downward correction is likely ...
