This Monday Nov. 29th 2010 and 8:30am GMT (3:30am EST) some big news hit the wires from Sweden. Although there was two pieces of news at the same time the deviation was huge, so if a spike trade was not possible, then an opportunity for an afterspike was available. As the Euro was selling off anyhow, this news especially caused the EURSEK to sell-off thru-out the rest of the day. Here is the data:
SWEDEN OCT RETAIL SALES M/M: 0.8% V 0.4%E;
Y/Y: 5.1% V 4.3%E
- Prior MoM revised lower from 0.8% to 0.7%
- Prior YoY revised lower from 5.5% to 5.2%
SWEDEN Q3 GDP Q/Q: 2.1% V 1.2%E;
Y/Y: 6.9% V 5.4%E
- Prior QoQ revised higher 4.5%r from 1.9% to 2.0%
- Prior YoY revised lower from 4.6% to %
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