Latvia deval on the backburner,,,,for now.

Sold out my SEB and Swedbankputs on a lucky dip in the stocks around lunch.
Went shorttem short Eur/Sek this AM and just squared it.

Unfortunately for the Latvian population, the max cost alternative for Latvia has been opted for. Hopefully, it is just a spoof and they will deval soonish anyway, otherwise it is just sad. The Latvian economy is now doomed to continue its nuclearlike meltdown before the devaluation takes place.

I will now leave this case on the backburner til there is any new information.
Sek should and have recovered on the back of it. After slicing through the 10.50-54 support area this morning we are now at 10.39, after having reached 10.78 friday evening. We should base in the 10.30 area.
The divergence showed on the charts is something to take seriously though.
Will monitor this one.






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