Swedish Q4 GDP and retail sales due up.....>

EURO-SEK: Swedish Q4 GDP and retail sales due up at 830GMT. The Bloomberg

consensus for the Q/Q GDP is 0.6%, however this masks the disparity between

forecasters. And this is not a local vs foreign forecaster bias - Swedbank are

forecasting 0.2% Q/Q while SEB are forecasting 1.0% Q/Q. So it looks as though

there could be fireworks on the release today as someone is going to be wrong!

- There is some decent support for EURSEK around the 23.6% retracement of

10.1257-10.6319 at 10.5124 which could be challenged on a good print. Next

support would be around 10.4550 ahead of the 38.2% retracement at 10.4385.

- On a negative print, initially yesterday's high of 10.5781 would provide

resistance ahead of the Mon/Tues highs just below the 10.60 level. Above here we

see the YTD high of 10.6319.