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Short EUR/SEK as G10 trade of the week – Deutsche Bank

Research Team at Deutsche Bank, suggests shorting the EUR/SEK this week for the target of 9.15 by keeping stop loss at 9.52 while the entry level being 9.4250.

Key Quotes

“These are relatively good levels to reenter EUR/SEK shorts, Thursday’s Riksbank meeting notwithstanding. Even if the Riksbank were to cut rates again, a very strong domestic data pulse mean that the move should be faded.”

Japan Machine Tool Orders (YoY) rose from previous -25.8% to -17.2% in January

Japan Machine Tool Orders (YoY) rose from previous -25.8% to -17.2% in January
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EUR/GBP deflates from 0.7790, German data eyed

The prevailing risk aversion has given further legs to the single currency during the Asian trading hours, sending EUR/GBP to fresh highs just below the 0.7800 handle...
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