Relevant articles for you

Video

#SaxoStrats
Volatility has spiked sharply lower, leaving equity bulls free to run... but why are the unpredictable messages out of Pyongyang able to spark such significant price movements?
Squawk / 15 February 2017 at 8:40 GMT
Head of FX Strategy / Saxo Bank
Denmark
Sweden's Riksbank: Today's meeting appears to be about the Riksbank wanting to maintain the ability to head either way on policy, with an odd insistence that it still sees more potential for a rate cut than a rate hike. This has caught the market a bit off guard after the December meeting seemed to show the limits of Riksbank dovishness and observers saw a slow transition away from accommodation. Slow indeed: the statement suggests no rate rises until beginning of 2018 and predicts the rate will be close to 0% in early 2019 (from -0.50% currently). As well, the bank maintained its currency intervention mandate, with a reservation against that entered by Flodén.

The disappointment for those looking for a less dovish Riksbank could see SEK backing off within recent ranges, but given the improving economic backdrop in Europe and strong global markets, it is hard to see a change of trend in EURSEK. Watching 9.50 resistance.

Link to Riksbank's press release: https://goo.gl/jliXDY

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail