Comment: For anyone that is forex trading, seeking to predict exactly where prices are likely to go in future with certainty would be the holy grail. The truth is every one of the indicators on the planet can’t give you any kind of warranty that price will go in the direction which they point. The simple truth is, that when trading forex, we are working with probability. The way to locate the most success is usually to gain as much specialized and fundamental data together to make your final decision. Naturally understanding what professionals perceives as within Swedish Krona Climbs To Weekly High Versus Euro After Riksbank Decision can also provide substance for the justifications for a position you take and thus we’re continually searching with the ideas of professional traders from brokers through to trade rooms.
The Swedish Krona firmed against the euro in the early European session on Wednesday after Sweden’s central bank decided to maintain its negative interest rate and the future path of repo rate.
The Executive Board of the Riksbank voted to hold the repo rate at -0.50 percent.
The forecast for the repo rate was unchanged since December and indicates that slow repo rate rises are set to be initiated during the second half of this year.
The Krona advanced to a weekly high of 9.8703 against the euro, from Tuesday’s closing value of 9.9120. If the Krona rises further, 9.6 is possibly seen as its next resistance level.
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forex news 2018-02-14