News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Bearish
More View more
Real Time News
  • USD/JPY continues to pullback from the monthly high (109.79) to largely mirror the recent weakness in longer-dated US Treasury yields. Get your market update from @DavidJSong here:https://t.co/fv1jjcufMX https://t.co/RQrkxYSsG7
  • Gold continues to climb as US real yields maintain their decline $XAUUSD https://t.co/M8GH93UvoL
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.72% Gold: 1.24% Oil - US Crude: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/LEuM2UyMpc
  • Canadian #Dollar Forecast: $USDCAD Seven-Week Plunge Searches Support - https://t.co/XW5aHqivhu https://t.co/rrZtho7V70
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.08%, while traders in Germany 30 are at opposite extremes with 74.85%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/RpXt0c3dDQ
  • US Dollar Index (DXY) steadily trending lower towards yearly low. Feb low up first at 89.68, then 89.20 to follow. Get your $USD market update from @PaulRobinsonFX here:https://t.co/4OvnYANsPE https://t.co/zOWYFvVIdf
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.09% France 40: -0.07% Germany 30: -0.08% Wall Street: -0.41% US 500: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/ZUO0U8wkJ9
  • Gold prices have jumped to a fresh three-month-high to start this week. Get your $XAUUSD market update from @JStanleyFX here:https://t.co/fTYcHtD8MX https://t.co/xVQBYr4vCJ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 88.67%, while traders in Germany 30 are at opposite extremes with 75.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/SF4w4toKO5
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.67% Oil - US Crude: 1.41% Gold: 1.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ngyNW7Dyfh
Sweden: Economic Survey Declines Running Afoul of Consumer Confidence

Sweden: Economic Survey Declines Running Afoul of Consumer Confidence

Walker England, Kara Dailey,

Talking Points:

  • Economic Tendency Survey declined for the 3rd straight month in March
  • Consumer Confidence ran contrary, increasing by 2.9 points
  • EURSEK forms a symmetrical triangle, traders will look for a breakout to determine direction

Inclusive of both manufacturing and consumer confidence, the Economic Tendency Survey declined for the third consecutive monthin March. In falling from 104.2 to 101.5, all sub-indicators declined with the exception of consumer confidence. Instead, this particular category aligned with the National Institute of Economic Research, airing on the side of optimism.

According to the NIER exports are expected to increase by 5% in each of the next two years, consequently driving GDP up to 3.1% in 2015 and 3.3% in 2016. The upsurge is to find its roots in a weak Krona, low oil prices, and a more responsive global economy. Consumers appear to be following this line of thought given that the consumer confidence index climbed 2.9 points. In bringing the index back above its historical average, those surveyed felt that now was a better time to make major purchases given that their view of personal finances both now and in the future was brighter.

This view however, was not shared by the remaining industrial sectors. With less optimistic production plans, confidence in the manufacturing sector fell by 4.6 points. The level of self-assurance also fell amongst the Building and Civil Engineering (-3.0 points) Retail Trade (-1.5 points) and Private Service (-2.1 points) sectors. Within these categories employment plans were revised down, sales growth and stock assessments were less favorable and future demand expectations were underwhelming.

Provided these opposing views, interest rate expectations marginally fell across all time frames—one, two and five years—by 0.4 to 0.12 percentage points. On the contrary, inflation expectations for 2015 improved by 0.2 percentage points (m/m), rising from 0.7 to 0.9 percent.

EUR/SEK 4H Chart

Sweden: Economic Survey Declines Running Afoul of Consumer Confidence

Chart Created by Walker England Using MarketScope2.0

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

DISCLOSURES