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Sweden Services PMI
A survey of 200 enterprises is used to create the Swedbank's Services PMI, which evaluates the performance of the service industry in Sweden. Several indicators are tracked by the index, including New Orders (35%), Business Volume (25%), Employment (20%), and Supplier Delivery Times (20%). A rating of greater than 50 suggests that the services sector is generally increasing, while a reading of less than 50 indicates that it is generally contracting.
A higher than expected figure should be seen as positive (bullish) for the SEK while a lower than expected figure should be seen as negative (bearish) for the SEK.
Forex Sentiment (SEK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURSEK |
|
|
11.1867 +304 pips |
11.1677 -114 pips |
11.1563 | |
| USDSEK |
|
|
9.5282 +88 pips |
9.9411 -4217 pips |
9.5194 | |
| GBPSEK |
|
|
12.8783 -696 pips |
13.1665 -2186 pips |
12.94793 | |
| SEKJPY |
|
|
14.7570 -58 pips |
0 +1533 pips |
15.332 | |
| NOKSEK |
|
|
0.9450 +19 pips |
0.9564 -133 pips |
0.9431 |
News (SEK)
Riksbank To Cut Policy Rate Twice This Year To 1.75%, Swedish Think Tank NIER Says
Sweden's central bank is set to lower interest rates twice this year due to the economic downturn and subdued inflation outlook, the National Institute of Economic Research said on Tuesday as it lowered the growth forecast for the economy.
RTTNews | 22 days ago
Sweden Central Bank Trims Rate By 25 Bps
Sweden's central bank reduced its benchmark rate by a quarter-point on Wednesday to further support the economy and stabilize inflation at the target and also signaled that the easing cycle is coming to an end. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 2.5 percent. The outcome of the meeting widely matched expectations.
RTTNews | 161 days ago
Riksbank Signals End To Easing Cycle
Sweden's central bank lowered its policy rate for a fifth time this year, cutting it by 25 basis points in order to support the economy and signaled one last reduction in the first half of next year. The Executive Board of Riksbank, led by Governor Erik Thedéen, decided to cut the policy rate to 2.50 percent from 3.0 percent on Thursday. The outcome matched expectations.
RTTNews | 202 days ago
