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Forex: EUR/SEK keeps the lows around 8.6000

A sharp appreciation of the Swedish krona followed after the manufacturing PMI in the Nordic economy climbed to 49.2 during January, bettering December’s 44.6 and dragging the cross from the area around 8.6500 to fresh lows in the boundaries of 8.6000

According to W.Moore, Technical Markets Strategist at RBS, the cross would be posed to break the big barrier at 8.7013, adding “The weekly EUR/SEK chart has struggled at the cloud since it broke beneath there in 2009, but after settling above a long term level of resistance 8.7013 and higher looks under threat”.

At the moment the pair is retreating 0.40% at 8.6025 and a breakdown of 8.5660 (low Jan.30) would bring 8.5555 (low Jan.10).
On the upside, resistance levels line up at 8.6545 (MA14d) and then 8.7140 (Upper Bollinger).

Forex Flash: USD/JPY upside momentum gone and waits for Japan fiscal and monetary policy - Commerzbank

As the USD/JPY upside mometum is gone, Commerzbank analysts say that investors will have to wait and see what fiscal and monetary policy measures will be implemented by the new Japanese government: “That will be decisive in determining whether it was correct to price in JPY negative factors”, wrote analyst Ulrich Leuchtmann, seeing no scope to the downside in the USD/JPY either.
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Forex: GBP moves out of Euro´s orbit – BBH

A key theme of the market recently has been the continued weakness of the UK economy and Sterling´s move out of the Euro-orbit to some extent write Brown Brothers Harriman analysts.
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