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EUR/SEK flashing a “Death Cross” signal

EUR/SEK is displaying a “Death Cross” on 4hr charts, which is considered a harbinger of bad things to come.

This technical event happens when a short-term moving average falls below its long-term moving average, in this case a crossover between the 100-period and the 200-period MA.

The existence of a Golden Cross does not in itself justify buying a market. Therefore, only a bounce towards the crossover level would allow traders adhere to the trend at fair valued prices following an otherwise lagging signal.

EUR/USD mid-term buyers gaining momentum

EUR/USD mid-term buyers gaining momentum
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UK: Government’s borrowing to show shrinkage - TDS

Prashant Newnaha, Rates Strategist at TD Securities, suggests that markets expect the government’s (ex-banking) borrowing to have shrunk from £9.4bn in September to £6.0bn in October.
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