EUR/SEK could target a return to 11.55 – SocGen

EUR/SEK remains slightly above 11.40. Economists at Société Générale analyze the pair’s outlook.

NOK/SEK could be poised to build gains

EUR/SEK could target a return to 11.55.

The SEK faces a potential headwind from the 2.5bn EUR positive, SEK negative month-end equity index rebalancing flow. The Riksbank stepped up Euro sales last week to €201m for reserve hedging purposes.

NOK/SEK could be poised to build gains if Oil prices rally following OPEC+.

See: EUR/SEK should be able to hit 11.00 before year-end 2024 – ING

Nov 27, 2023

Gold Price Forecast: XAU/USD hovers above $2,010 on weaker US Dollar

Gold price maintains its position above $2,010 per troy ounce during the European session on Monday.

Euro runs out of steam near 1.0960, looks at ECB Lagarde

The Euro gives away initial gains against the US Dollar, motivating EUR/USD to surrender part of the earlier advance to the 1.0960 zone at the beginning of the week.