We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
More View more
Real Time News
  • Join @DavidCottleFX 's #webinar at 3:00 AM ET/8:00 AM GMT for your weekly update on the top Asia Pacific market drivers that traders should watch this week. Register here: https://t.co/HNf3Axw8s5 https://t.co/iMMiza1J1d
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/im72E4Szmi
  • The Riksbank – the world’s oldest central bank - will exit its negative interest rate policy for the first time in known history as officials explore uncharted territory with unknown consequences. https://www.dailyfx.com/forex/fundamental/article/special_report/2019/12/16/Worlds-Oldest-Central-Bank-to-Exit-Negative-Rate-Policy-First.html
  • The Indonesian Rupiah, Malaysian Ringgit, Philippine Peso and Singapore Dollar may continue their rise against the US Dollar on global optimism amid a US-China trade deal #ASEAN #IDR #PHP #USD - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/12/16/Indonesian-Rupiah-Malaysian-Ringgit-May-Rise-on-US-China-Deal.html?CHID=9&QPID=917702 https://t.co/GYaUYookwM
  • LIVE NOW: In this session, Currency Analyst @ZabelinDimitri will preview the upcoming week's main political themes and discuss their impact on financial markets. https://www.dailyfx.com/webinars/146770987
  • LIVE IN 30 MIN: In this session, Currency Analyst @ZabelinDimitri will preview the upcoming week's main political themes and discuss their impact on financial markets. https://www.dailyfx.com/webinars/146770987
  • How will the $JPY respond as the Bank of Japan appears to begin walking back from years of assuring the markets that ‘powerful monetary easing’ would be enough to stoke inflation? Get your market update from @DavidCottleFX here:https://t.co/ETZgk4xf5U https://t.co/ArTaaTninN
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/4:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/dClnkF5vrD
  • LIVE NOW: Join DailyFX Senior Strategist @IlyaSpivak LIVE as he discusses the outlook for the financial markets in the week ahead! https://www.dailyfx.com/webinars/889679267
  • RT @BloombergAsia: China threatens Germany with retaliation if Huawei 5G is banned https://t.co/fNLdzRRCbL
Sweden’s SEB Housing Price Index Drops, Despite Rise in Consumption

Sweden’s SEB Housing Price Index Drops, Despite Rise in Consumption

2014-12-08 18:34:00
Kara Dailey, Rob Pasche,

Talking Points:

  • SEB Housing Price Index drops to 57 in November
  • Industrial Orders and Household Consumption elevated 3.7% and 0.1% respectively
  • USDSEK Remains at 4 year high

Ahead of Thursday’s Average Housing Price release, the SEB Housing Price Indicator dropped in November while industrial orders and household consumption each experienced a moderate increase in October.

On the heels of a 0.8% decline in the service production index, Industrial Orders were elevated in October, providing a more positive outlook for the Swedish economy. New orders increased by 3.7% (MoM) and 1.6% (YoY). The main driver—increases in demand for “other transport equipment. Additionally, total industry in the domestic market increased by 10.5% while the export market only fell by 1.1%. However, it is important to note that while October experienced an upturn, figures from August to September were revised down 0.2% for a total decline of 1.2%.

Household consumption also rose in October, up 0.1% from September when seasonally adjusted. Year-over-year, consumption volume and working day hours were reported to have increased by 1.8%. The main components driving the change include: Post and Telecommunications (10.6%), Accommodation Services (6.1%), Household Equipment/Furnishings (5.9%) and Retail Trade (5.1%).

However, while overall household consumption increased, demand for housing was not strong enough to change expectations of future home prices. Sixty-seven percent of those surveyed believe home prices will rise while ten percent believe they will fall. Thus, despite the central bank’s zero key policy rate the SEB housing indicator dropped to 57 in November from 59 in October. Also reported by the leading Nordic financial services group; an increase in those consumers wanting fixed rates (+3.0%).

USD/SEK currently sits at a 4-year high without much resistance in its way. With the strength in the US Dollar and the general weakness of Swedish Krona, It would not be surprising to see USDSEK test its prior high around 8.13 kr in the months ahead.

USD/SEK Weekly Chart

dailyfx us dollar krona weekly chart.

Chart Created by Rob Pasche Using MarketScope2.0

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.