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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
More View more
Real Time News
  • - Unreal atmosphere - Shame about the result, but no complaints - Usyk masterclass - Heavyweight division blown wide open
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here:
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
Euro and Krona at Risk Amid Sweden Political Gridlock

Euro and Krona at Risk Amid Sweden Political Gridlock

Dimitri Zabelin, Analyst

TALKING POINTS – Swedish Elections, Euro, krona

  • Swedish parliament might remain deadlocked for weeks or more
  • Nationalist Sweden Democrats complicate government formation
  • Euro, Krona may suffer as new administration hangs in balance


Following the elections on September 9th, Sweden’s parliament – the Riksdag – experienced a historically unprecedented shake up. The Social Democrats, who for almost 70 years have ruled with an absolute majority – 175 seats or more out of 349 – garnered less than 50% of the vote.

At the same time, right-wing populist and nationalist Sweden Democrats (SD) delivered their best performance to date. They came in at an impressive 17.5%, though this scored below some expectations calling for a share of the vote as high as 25%. Their popularity is part of a broader rise of populists and nationalists across Europe. It has also been an important driver of regional currency price movements.


The elections resulted in a hung parliament with the following top three parties:

  • Social Democrats - 100 seats (28.26%)
  • Moderate Party - 71 seats (19.84%)
  • Sweden Democrats - 62 seats (17.53%)

Within parliament are three blocs that dominate the political landscape:

  • Red-Greens (center-left) - 144 seats (40.68%)
  • The Alliance (center-right) - 143 seats (40.26%)
  • Sweden Democrats - 62 seats (17.53%)


Following the elections, on September 25th, Swedish Social Democratic Party leader and Prime Minister Stefan Löfven was voted out. Before a new prime minister is selected, he will serve in the interim.

Newly elected speaker of the Riksdag, Andreas Norlen, is scheduled to begin talks with all parties today to decide whom he will propose as the new PM. He is forecasted to pick Opposition and Moderate party leader Ulf Kristersson, most likely due to their mutual party affiliation.

Both major party blocs have ruled out forming a coalition with the SDs. However, since no single party or bloc holds an outright majority, this puts the SDs in a strong bargaining position. The Social Democrats have ruled out backing an Alliance government and Kristersson has stated he will not work with them because of their roots in neo-Nazism.

The nationalist party has stated that they are ready to prevent the formation of any new government that excludes them from making policy, with a particular emphasis on immigration. The Riksdag has never rejected the proposal of a new Prime Minister. However, in a historically unprecedented moment, if parliament rejects four proposals, another round of elections will have to be held within three months.

Political gridlock is likely to continue for weeks or longer as parliament attempts to form a government. Compromise is hard to find in the current polarizedclimate. Tragically, that is precisely what is needed to form a new government and calm financial markets. The Swedish Krona and the Euro may become unusually volatile as a result, with the emergence of selling pressure a distinct possibility as the uncertain landscape inspires capital outflows.


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitri on Twitter

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