EUR/SEK to rebound to the 11.10-11.20 mark over the coming weeks – ING

Source Fxstreet

Riksbank kept rates on hold and the Swiss National Bank cutting another 25bp, ING's FX analyst Francesco Pesole notes.

EUR/CHF to return to 0.950 in the second quarter

"On the former, markets had already anticipated that rates had reached the bottom, and the krona was only marginally moved. EUR/SEK remains cheap according to our short-term fair value model and we continue to favour a rebound to the 11.10-11.20 mark over the coming weeks."

"In Switzerland, another SNB cut brought the policy rate to 0.25%. The accompanying statement left all options open, but our economist notes how, for the first time in a long time, the SNB hasn’t had to revise its inflation projections lower. We expect a hold in June and lean towards calling for the end of the easing cycle altogether." 

"As we had anticipated, the Swiss franc dropped on the announcement, but EUR/CHF does not seem to have much bullish steam. Any further rallies should anyway fall short of breaking above 0.970 and our bias for the second quarter remains a return to 0.950."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Ethereum Price Dips Again—Time to Panic or Opportunity to Buy?Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone.
Author  NewsBTC
Apr 16, Wed
Ethereum price started a fresh decline from the $1,690 zone. ETH is now consolidating and might decline further below the $1,580 support zone.
placeholder
Trump onto Xi: US announces 245% tariff on ChinaPresident Trump escalates the US-China trade war with a 245% tariff on Chinese imports, citing national security and economic retaliation.
Author  Cryptopolitan
Apr 16, Wed
President Trump escalates the US-China trade war with a 245% tariff on Chinese imports, citing national security and economic retaliation.
placeholder
Has the VIX Index Peaked, Signalling a Reversal in Wall Street's Stock Selloff?In an interview on Monday (April 14), Bessent sought to reassure markets. “If uncertainty is measured by the VIX,” he noted, “it is likely that market uncertainty has already reached its peak.”
Author  TradingKey
Apr 16, Wed
In an interview on Monday (April 14), Bessent sought to reassure markets. “If uncertainty is measured by the VIX,” he noted, “it is likely that market uncertainty has already reached its peak.”
placeholder
Ethereum Price Forecast: ETH face value- accrual risks due to data availability roadmapEthereum (ETH) declined 1%, trading just below $1,600 in the early Asian session on Thursday, as Binance Research's latest report suggests that the data availability roadmap has been hampering its value accrual.
Author  FXStreet
Yesterday 00: 55
Ethereum (ETH) declined 1%, trading just below $1,600 in the early Asian session on Thursday, as Binance Research's latest report suggests that the data availability roadmap has been hampering its value accrual.
placeholder
Solana (SOL) Price Underwhelms, Experts Believe Cardano (ADA) and Mutuum Finance (MUTM) Are Set To SkyrocketThe crypto market suffers from jitters which have forced Solana (SOL) to decline 15% resulting in its current price of $131. Whales sold $26 million worth of SOL tokens while founder Anatoly Yakovenko failed to improve the situation through his comparisons of U.S. bonds to the MicroStrategy financial problems.
Author  Cryptopolitan
15 hours ago
The crypto market suffers from jitters which have forced Solana (SOL) to decline 15% resulting in its current price of $131. Whales sold $26 million worth of SOL tokens while founder Anatoly Yakovenko failed to improve the situation through his comparisons of U.S. bonds to the MicroStrategy financial problems.
goTop
quote