The consolidation phase seen yesterday is expected to be running late and expected to end now.
EURUSD passed its primary reaction target, 1.4073, but resistance now firmer in the 55d ma band, EURJPY having met its correction target makes it vulnerable to renewed downside pressure, EURSEK we still advocate buying in the 9.15/18-area => 9.29, USDSEK looking for buyers around current levels, EURNOK probably congesion after the Tuesday surge, GOLD now also a new all time high in dollar terms, BONDS a hard call but likely some more downside pressure, in yield terms, Equities seen lower and oil still parked on top of trend line and 55d ma band.
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Tech team
Skandinaviska Enskilda Banken AB