empty
20.02.2019 05:02 PM
Euro and Swedish Krona are in serious trouble

This image is no longer relevant

The Swedish Krona cannot recover after a recent fall. Recall - after the weak inflation data and plans of the local Central Bank forced investors to sell the currency. The euro, in turn, was hit by low volumes of industrial orders in Italy. Krona rose last week after the Central Bank of Sweden, despite growing caution, said it would stick to its rate increase plan in the second half of 2019. However, the next piece of data on the reduction of inflation in January sent the currency down by more than 1 percent, to a two-year low against the dollar. The forecast of the crown every day becomes more and more alarming. For the EUR / SEK pair, the range from 10.75 to 11.00 should not be excluded later, in 2019.

The euro, which has already fallen due to the fact that investors have shifted the focus from progress in US-Chinese trade negotiations to the weakness of the European economy, fell even more after data showed that industrial orders in Italy lost 5.3 percent in December. The euro, despite a vigorous Monday, is going through a difficult week. It is necessary to wait for the forecasts of the EU Commission, although there will be already well-known information for all - the lost momentum of the economy and weak inflationary pressure. The euro is likely to fall below $ 1.13, but not below $ 1.12.

Irina Maksimova,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
I Belozerov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US Market News Digest for August 22

US stock indices ended the session in the red as traders exercised caution ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell. The S&P 500 fell

Ekaterina Kiseleva 14:37 2025-08-22 UTC+2

Dow, Nasdaq, S&P end lower despite housing gains

Indices down: S&P - 0.4%, Nasdaq - 0.34%, Dow - 0.34% Walmart shares fall after quarterly profit misses expectations US existing home sales unexpectedly rise in July Coty shares fall

Thomas Frank 11:18 2025-08-22 UTC+2

Bitcoin drops below $113,000, spooking market — bulls and bears locked in stalemate

So far, there's no outright confrontation between crypto bulls and bears, but analysts point to growing tension. The unease is largely tied to Bitcoin's shaky performance, which has been sliding

Larisa Kolesnikova 15:17 2025-08-21 UTC+2

US Market News Digest for August 21

US stock indices ended mixed on Wednesday: the S&P 500 slipped 0.24%, while the Nasdaq 100 lost 0.67%, as investors adopted a cautious stance ahead of the Federal Reserve's symposium

Ekaterina Kiseleva 14:21 2025-08-21 UTC+2

Nasdaq and S&P 500 Fall as Investors Look Beyond Tech for Growth

On Wednesday, the Nasdaq and S&P 500 ended the session in negative territory as investors trimmed positions in technology shares and shifted funds toward more defensive sectors, while awaiting comments

Thomas Frank 09:21 2025-08-21 UTC+2

US Market News Digest for August 20

NVIDIA shares fell 3.5%, disrupting the recent positive trend in the stock market and dragging down the S&P 500 and Nasdaq 100. Investors are now looking ahead to Jerome Powell's

Ekaterina Kiseleva 12:50 2025-08-20 UTC+2

Tech Slump: Nasdaq Loses 1.46%, But Home Depot Surprises with Gains

Magnificent Seven Stocks Fall Home Depot Gains After Maintaining Full-Year Guidance Intel Gains Amid SoftBank Investment U.K. Consumer Price Inflation 3.8% for 12 Months Through July Jackson Hole Symposium, Powell

Thomas Frank 11:03 2025-08-20 UTC+2

Nikkei plunges after SoftBank deal; Dayforce shares soar. What's next?

Three major US stock indices closed with minor changes on Monday as investors awaited quarterly earnings reports from top retailers. Besides, they are anticipating the Federal Reserve's annual Jackson Hole

11:38 2025-08-19 UTC+2

Nikkei crashes after SoftBank deal, Dayforce shares soar — what's next?

Three major stock indexes close virtually unchanged Trump hosts Zelensky, EU leaders push peace deal Solar stocks rise amid 'eased' subsidy rules Nikkei hits record, then falls after SoftBank announces

Thomas Frank 10:55 2025-08-19 UTC+2

US Market News Digest for August 18

Major US stock indices ended Friday in the red on the back of heightened political expectations. The S&P 500 slipped 0.20%, while the Nasdaq 100 lost 0.40%, as investors monitored

Ekaterina Kiseleva 12:54 2025-08-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.