Swedish Krona, Norwegian Krone Tense Up Ahead of US, EU Data

TALKING POINTS – GERMAN IFO, US ECONOMIC DATA, RIKSBANK, BREXIT

谈话要点 - 德国IFO，美国经济数据，RIKSBANK，BREXIT

• SEK and NOK eyeing upcoming key US, EU economic data

  SEK和NOK关注即将到来的关键美国，欧盟经济数据

• Brexit-induced risk caused USD-Nordic crosses to spike

  英国退欧引发的风险导致美元 - 北欧交叉飙升

• Swedish Krona traders bite nails before Riksbank rate decision

  瑞典克朗交易员在瑞典央行利率决定之前咬指甲

See our free guide to learn how to use economic news in your trading strategy!

请参阅我们的免费指南在你的交易策略中学习如何使用经济新闻！

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On Tuesday, Brexit-induced risk aversion sent the US Dollar and Japanese Yen higher at the expense of GBP. Greenback-Nordic crosses subsequently spiked and caused USD/SEK to close 0.64 percent higher above critical resistance. The pair is now on its way to re-test a 17-year high not reached since March 7. USD/NOK broke through descending resistance and avoided re-testing the bottom lip of the upward-sloping support channel.

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The Swedish Krona and Norwegian Krone will now be eyeing today‘s release of key economic indicators from both sides of the Atlantic. In Europe, Germany will be publishing its IFO reports – a measure used to gauge sentiment – which, if in line with broader European growth trends – will likely show weakness. This is a crucial point of concern due to the country’s function as a key growth-node in the region.

瑞典克朗和挪威克朗现在将瞄准今天从大西洋两岸释放的关键经济指标。在欧洲，德国将发布其IFO报告 - 一种用于衡量情绪的指标 - 如果符合更广泛的欧洲增长趋势，它可能会表现出疲软。由于该国作为该地区关键增长点的作用，这是一个值得关注的关键点。

Riksbank Deputy Governor Martin Floden has also expressed concern about slower growth in Germany, citing an overall reduced level of European demand as key source of growth for the export-driven Swedish economy. Lately, the Riksbanks inflation forecasts have been overestimating the actual level of heat in the Nordic economy. Policymakers are intending to raise rates in September, though the current economic outlook suggests a rate hike may not be tenable – at least any time soon.

瑞典央行副行长马丁·弗洛登也对德国增长放缓表示担忧，欧洲需求整体下降是出口驱动型瑞典经济增长的主要来源。最近，瑞典央行的通胀预测一直高估了北欧经济的实际发热水平。政策制定者打算在9月加息，但目前的经济前景表明加息可能不会成立 - 至少在不久的任何时候。

Want to know more about the outlook for the Swedens economy and the Krona？ See my weekly fundamental outlook here!

想要了解更多有关前景的信息。瑞典经济和克朗？在这里查看我的每周基本展望！

In the US, MBA Mortgage applications are due, with the previous report showing a 3.5 percent contraction. The importance underlying this indicator is rooted in its inflation-inducing nature. Following the acquisition of a home, a series of purchases are made, that when iterated across multiple individuals, creates a strong consumption-driven boost to economic activity.

美国，MBA抵押贷款申请到期，之前的报告显示收缩率为3.5％。该指标的重要性源于其引发通货膨胀的性质。在收购房屋之后，进行了一系列购买，当多个人进行迭代时，会产生强烈的消费驱动的经济活动。

An uptick in inflationary pressure might then provide greater impetus for the Fed to raise rates which would then impact USD-Nordic crosses. It is worth noting, however, that the central bank has stated that it intends on holding rates through-year end, with the open possibility of a hike or a cut in 2020. The decision would be predicated on the domestic growth conditions and if the economy could endure a state of tightened credit.

通胀压力上升然后可能会为美联储加息提供更大的推动力，从而影响美元 - 北欧交叉。然而值得注意的是，央行已表示其打算在年底前持有利率，并有可能在2020年加息或减产。该决定将取决于国内增长状况，如果经济可以忍受信贷收紧状态。

The Riksbank rate decision is gradually approaching, with less than 72 hours until the announcement and commentary. SEK traders for this reason may look past some economic indicators due to the sheer magnitude of the upcoming event risk.

瑞典央行的利率决定正在逐渐接近，直到宣布和评论不到72小时。由于即将到来的事件风险的严重程度，因此SEK交易员可能会看到一些经济指标。

Chart of the day: USD/SEK, USD/NOK, GBP/JPY, DXY

当天的图表：美元/瑞典克朗，美元/挪威克朗，英镑/ JPY，DXY

NORDIC TRADING RESOURCES

NORDIC TRADING资源

--- Written by Dimitri Zabelin, Jr Currency Analyst for DailyFX.com

---写由迪米特里Zabelin，JR货币分析师DailyFX.com