Sweden Swedbank Manufacturing PMI
Based on data collected from a representative panel of over 200 purchasing managers in the manufacturing business, in Sweden, known as the Swedbank Manufacturing Purchasing Managers Index. Five individual indexes are composed in The Manufacturing Purchasing Managers Index, and they are: New Orders (30%), Output (25%), Employment (20%), Suppliers Delivery Times (15%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in an equivalent direction. 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, and a reading of 50 shows no change in the manufacturing sector.
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 |
|
|
10.9984 -38 pips |
11.0871 -849 pips |
11.0022 | |
| USDSEK |
|
|
9.4637 +683 pips |
9.7649 -3695 pips |
9.3954 | |
| GBPSEK |
|
|
12.7820 +641 pips |
12.9444 -2265 pips |
12.71790 | |
| SEKJPY |
|
|
15.0440 -62 pips |
0 +1566 pips |
15.665 | |
| NOKSEK |
|
|
0.9425 +35 pips |
0.9523 -133 pips |
0.9390 |
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 | 76 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 | 215 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 | 256 days ago
