JamesThatcher
Well-known member
What does the data mean to the market?
The Sveriges Riksbank Executive Board's decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the SEK, while a lower than expected rate is negative/bearish.
Historic deviations and their outcome
December 19 2019 Spike but retrace due to not being a total surprise on this occasion.
Check out the price action here:
SE Interest Rate Decision 2019-12-19 08:30:00.0
SE Interest Rate Decision 2019-12-19 08:30:00.0
calendarapi.galaxysoftwareinc.com
December 20 2018 Great move on SEK pairs, as we would like to see today.
Check out the price action here:
SE Interest Rate Decision 2018-12-20 08:30:00.0
SE Interest Rate Decision 2018-12-20 08:30:00.0
calendarapi.galaxysoftwareinc.com
I will use forecasts of:
Interest Rate Decision 0.00
Today's trade plan
No expected change today so if we did see a change of +/- 0.25% basis points to the Interest Rate then I would take a trade accordingly. I would expect to see a prolonged move which should last some time.
Tradable pairs
EURSEK
USDSEK
Hope this helps but please do your own analysis!!
Good luck!!
James Thatcher
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Last edited by a moderator:
