Swedish Retail Sales - Much better print lead to steep decline in EURSEK forex pair

This morning at 8:30 GMT (3:30 EST) the Retail Sales figures were released from Sweden. They cam in alot higher than expecting and surprised the market. This lead to a very nice appreciation in the Swedish Krona forex pair. Due to the fact that none of the popular forex news sites seem to have data from the Norway and Swedish Krona pairs, despite the fact that there is very good reactions to news announcements from these countries, we find it necessary to record these moves whenever we can. Although we admit, sometimes we are so busy we cannot always keep up with the blog. There is just so much news, and our technical trading systems churn out their own pips and keep us plenty occupied. Anyway enough ranting. As for the environment, a pretty general trading day, more talk about China, apparently a rumor of a RRR giving a bit of positive risk sentiment to the market lifting the majors although they did dip overnight, especially the AUDUSD, the pair most vulnerable to the China slowdown theme.

Here is the Swedish Data:

Sweden Retail Sales s.a. (MoM)
Estimates- Median: +0.1% Average: +0.1% Low: -0.2% High: +0.4%
Actual: +1.2% Prior: +0.1% Revised: +0.2%

Sweden Retail Sales n.s.a. (YoY)
Estimates- Median: +1.6% Average: +1.9% Low: +1.2% High: +3.0%
Actual: +3.4% Prior: +1.5% Revised: +1.6%

Here is the 10 second chart of the EURSEK forex pair: