SEK is the cheapest G10 currency
Updated
=> Here we are shorting the dollar against SEK as we see a fresh leg down in the dollar for September flows.
=> Markets have gone overboard on risk premium and we are looking to get advantage of the Swedish elections coming up in two weeks.
=> Fundamentals are improving in both Sweden and Europe and a rising Euro will help move SEK as collateral here.
=> GL
(Entry at MKT; Stop 9.25; Targets 8.85 and 7.90)
=> Markets have gone overboard on risk premium and we are looking to get advantage of the Swedish elections coming up in two weeks.
=> Fundamentals are improving in both Sweden and Europe and a rising Euro will help move SEK as collateral here.
=> GL
(Entry at MKT; Stop 9.25; Targets 8.85 and 7.90)
Note
Mild profit taking being done on the first test of the channel ... nothing to update for bears
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