SEK advancing remains on the agenda
=> For those following our USDSEK idea you will know we believe the negative SEK flow is something that has run its course.
=> Oil is starting to look very heavy at the highs, the boat is fully loaded with almost 90% are now bullish. In the oven we have more advancements coming on the electric side which will likely show a clear inflexion point for the end of oil as we know it adding further pressure to NOK.
=> The Riksbank like a deer in the headlights has been put under pressure domestically for allowing the SEK to slide. This will change going forward as the ECB unwinding its asset purchase program begins to take the spotlight in Q4 giving the Riksbank more policy flexibility.
=> Both NOKSEK and USDSEK shorts make sense moving fwd.
=> GL all
=> Oil is starting to look very heavy at the highs, the boat is fully loaded with almost 90% are now bullish. In the oven we have more advancements coming on the electric side which will likely show a clear inflexion point for the end of oil as we know it adding further pressure to NOK.
=> The Riksbank like a deer in the headlights has been put under pressure domestically for allowing the SEK to slide. This will change going forward as the ECB unwinding its asset purchase program begins to take the spotlight in Q4 giving the Riksbank more policy flexibility.
=> Both NOKSEK and USDSEK shorts make sense moving fwd.
=> GL all
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