The upturn in the Swedish economy is continuing, but the Riksbank assesses that it will take longer before inflation attains the target of 2 per cent. The upturn in inflation therefore needs continued strong support. The Executive Board assesses that the repo rate needs to be held at −0.50 per cent for six months longer than was forecast in September. The probability that the rate will be cut further has increased. The purchases of government bonds will continue during the second half of 2016, as decided in April. Prior to the monetary policy meeting in December, the Executive Board is prepared to extend the purchases of government bonds. http://www.riksbank.se/en/Press-and-published/Press-Releases/2016/prm_161027/
The much anticipated US interest rate hike in December might deviate investors interest to USA economy as the negative interest rate from Swedish economy is not appealing to investors. Swedish Krona reported Consumer Price Index (YoY) of -0.50% in October relative to -0.50% forecast. http://www.investing.com/economic-calendar/
Swedish economy export more to its Euro zone trading partners and only 6% to USA hence USA Presidential election and outcome thereof contributed marginaly to Swedish Krona. http://atlas.media.mit.edu/en/profile/country/swe/
Reasons behind going short on USDSEK Pair
USDSEK pair moved sideways past week and witnessed double tops on daily time frame therefor I remain bearish on this pair.
The Pair has broken the highest resistance level last seen in April 2015.