SEK stands a good chance to gain ground against the EEUR over the course of the year – Commerzbank

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Antje Praefcke, FX Analyst at Commerzbank, expects the Swedish Krona to strengthen against the Euro latter in the year.

“As long as the ECB is perceived as the more restrictive central bank, with the market expecting two further rate steps, the Krona is struggling to record sustainable gains against the Euro. I am nonetheless of the view that EUR/SEK should have peaked when it moved towards 11.40-50 this year”.

“In the Eurozone too inflation will fall, economic and inflation data will weaken as a result of past rate hikes and the market might have to get used to the idea that the ECB will only hike the key rate one more time rather than twice.”

“It might take a little while yet, but I think that SEK stands a good chance to gain ground against the Euro over the course of the year.”

[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group