EUR/SEK Short Trade: Goldman is also Bearish
Goldman Sachs : "Stay short EUR/SEK; target: 10.30, stop loss: 10.90.
Sweden, the most open economy in the G10,
stands to benefit from improving global growth and lower recession risk in the Euro area.
SEK tends to outperform in relatively benign growth scenarios with a modestly stronger Euro ,
which is close to our baseline scenario of a better—but not stellar—global environment.
The trade should also benefit from asymmetric monetary policy reaction functions.
While a number of global central banks (including the ECB) appear to have a lower hurdle for cuts than hikes,
the Riksbank has shown a strong desire to get out of negative territory.
We therefore think that it is highly likely to hike in December, and will then be reluctant to cut even if data deteriorate further."
Source: Sorry, No links in Ideas section ( violating House Rules ).
Comment on their Stop Loss: I would not recommend it to my worst enemies.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Sweden, the most open economy in the G10,
stands to benefit from improving global growth and lower recession risk in the Euro area.
SEK tends to outperform in relatively benign growth scenarios with a modestly stronger Euro ,
which is close to our baseline scenario of a better—but not stellar—global environment.
The trade should also benefit from asymmetric monetary policy reaction functions.
While a number of global central banks (including the ECB) appear to have a lower hurdle for cuts than hikes,
the Riksbank has shown a strong desire to get out of negative territory.
We therefore think that it is highly likely to hike in December, and will then be reluctant to cut even if data deteriorate further."
Source: Sorry, No links in Ideas section ( violating House Rules ).
Comment on their Stop Loss: I would not recommend it to my worst enemies.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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