EUR/SEK momentarily out of favor

EUR/SEK showing very low price volatility across several time frames.

Intraday and daily EUR/SEK ATR measures, up from 30 min, simultaneously shrunk to levels not seen in the past four weeks of trading. Markets with extreme low volatility do not perform well because they have less direction for trend following and less volatility for mean reversion. It is advised to wait for an expansion of volatility before entering EUR/SEK.

EUR/JPY drops to lows at 130.40

The Japanese yen is now regaining ground lost to the euro during the Asian trading hours, taking EUR/JPY to session lows in the 130.40 region...
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Yellen aware of savers’ frustration; however does not wish to hike rate at aggressive pace

Federal Reserve Chair Janet Yellen on Monday defended the Federal Reserve’s accommodative policy and said rates will be raised as and when there progress is made towards achieving labor market and inflation goals. In response to consumer advocate Ralph Nader’s open letter, Yellen said that the rock bottom rate, though must have frustrated savers, was needed to boost growth post the recession.
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