Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
28 Nov 2018

EUR/SEK tumbles to lows near 10.2500

  • The cross drops to multi-day lows near 10.2500.
  • Sweden Consumer Confidence drops to 97.5 this month.

The Swedish Krona is extending its upbeat tone so far today and is now dragging EUR/SEK to fresh lows in the boundaries of the 10.2500 handle.

EUR/SEK offered after data, looks to GDP

SEK is advancing for the fourth consecutive session on Wednesday, forcing the cross to recede to the area of 10.25, or fresh multi-session lows.

Earlier in the day Swedish Consumer Confidence came in below estimates at 97.5 for the current month while Manufacturing Confidence ticked higher to 116.2 for the same period.

In addition, Retail Sales in the Scandinavian economy unexpectedly contracted 1.1% MoM in October and 0.1% from a year earlier.

Looking ahead, SEK should remain vigilant on GDP figures for the July-September period to be published on Thursday, while domestic politics should also play its part on the currency’s price action in the next weeks along with the expected rate hike by the Riksbank at the December meeting.

EUR/SEK levels to consider

As of writing the cross is losing 0.28% at 10.2545 facing the next support at 10.2080 (monthly low Nov.13) seconded by 10.2273 (monthly low Jul.30) and then 10.2103 (monthly low Jul.5). On the upside, a break above 10.3342 (200-day SMA) would expose 10.3496 (low Nov.21) and then 10.3879 (100-day SMA).

Nov 28, 2018

Uk PM May spokesman: In all Brexit scenarios, the economy will continue to grow

Commenting on the recently published report that compares different Brexit scenarios and their potential impact on the UK's economy, British Prime Min
Read more Previous
Nov 28, 2018

United States Gross Domestic Product Annualized meets forecasts (3.5%) in 3Q

United States Gross Domestic Product Annualized meets forecasts (3.5%) in 3Q
Read more Next