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 ...
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.
Swedish Interest Rate Decision
December 14, 2010 5:56 pm by Russell GlaserTomorrow will bring interest rate decisions from both Norway and Sweden. However, the two countries differ as Sweden is expected to raise its benchmark rate while Norway will most likely hold interest rates steady.
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 Denmark’s 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 ...
USD/SEK at 2-Yr Low after Fiery Speech from Riksbank
October 20, 2010 6:57 am by Greg HoldenThe Swedish krona has undergone one of its strongest rallies in recent memory these past few days after the Riksbank Deputy Governor Barbro Wickman-Parak delivered a hawkish statement last Thursday. The SEK climbed to a 2-year high against the US ...
