Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Sweden's Riksbank meets this Thursday, 11th February to decide its monetary policy settings.
- Economists are split 50/50 on no change in rates or a 10-15bp cut. The easing is broadly priced in, market is now pricing in around 8bp cut for the Riksbank meeting on 11 February.
- EUR/SEK continued its march higher after breach of trendline resistance, but krona still remains vulnerable ahead of Riksbank meet.
- The pair is trading at around 9.4770 levels at the time of writing with scope for further upside.
- 5-DMA at 9.4238 is immediate support on the downside ahead of 9.3987 (Feb 8th lows). On the upside resistance is located at 9.480 (Sept 3rd highs) and then at 9.4835 (July 28th highs).
Recommendation: We would buy dips around 9.4650, SL: 9.4560, TP: 9.480/9.4835
