The Swedish Krona is still seen picking up pace in the next month on a likely rate hike by the Riksbank by year-end/early 2019, noted Morten Helt, Senior Analyst at Danske Bank. Key Quotes “We note that EUR/SEK, after the spike to 10.40ish (our 1M forecast) is again challenging 10.30-support and 200dma at 10.295″. “We think it may be too early to write off near-term upside risks in EUR/SEK, although the krona should gain momentum as the first Riksbank rate hike in seven years draws closer”. “Today’s Riksbank minutes could be market mover, where we look after any hints as to whether the Board members preferred December or February and how much weight they put at the many downside risks that were listed in the monetary policy report. In Reading the Markets Sweden, published later this morning, we touch upon growth and monetary policy divergence between the US and Sweden and how that affects the krona”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin risks tilted to the downside, recovery to be short-lived FX Street 4 years The Swedish Krona is still seen picking up pace in the next month on a likely rate hike by the Riksbank by year-end/early 2019, noted Morten Helt, Senior Analyst at Danske Bank. Key Quotes "We note that EUR/SEK, after the spike to 10.40ish (our 1M forecast) is again challenging 10.30-support and 200dma at 10.295". "We think it may be too early to write off near-term upside risks in EUR/SEK, although the krona should gain momentum as the first Riksbank rate hike in seven years draws closer". "Today's Riksbank minutes could be market mover, where we look after any hints as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
