Market not impressed with Riksbank QE after highside CPI
This an update of my previous USDSEK idea.
Riksbank may have to increase its negative rates policy and scale up QE purchases if it intends to keep the currency weaker as a part of its fight against deflationary risks. A bank spokesperson denied they wanted a weaker currency which is BS (especially against the Euro) as you might deduct from what central banks are doing all over the world.
How to play the trade: Open 3 to 5 'smaller' positions instead of a few 'large' ones. Take targets 1,2,3 and shed the remainder at your discretion... In case you want positions open for the long run. Move stops to protect your positions if possible when they have room.
Good luck!
Riksbank may have to increase its negative rates policy and scale up QE purchases if it intends to keep the currency weaker as a part of its fight against deflationary risks. A bank spokesperson denied they wanted a weaker currency which is BS (especially against the Euro) as you might deduct from what central banks are doing all over the world.
How to play the trade: Open 3 to 5 'smaller' positions instead of a few 'large' ones. Take targets 1,2,3 and shed the remainder at your discretion... In case you want positions open for the long run. Move stops to protect your positions if possible when they have room.
Good luck!
