SNB & BOJ interventions are on the fore (while ongoing, really not the best environment for techs)… USDJPY over 78.05 (now support) should lead to further gains, but the 55day EMA band, starting at 79.30, provides resistance… EURCHF over 1.1205 would target 1.1365\1.1495. Below 1.0896 would confuse… EURUSD swings inside 1.4143\1.4454 lends nothing but confusion – stay out while the pair stays in(side)… EURSEK surprisingly low given the OMX fallout, but +9.13 is still on the radar while holding north of 9.06/04… EURNOK under 7.6610 would target 7.6250 again… USDTRY added a bearish print yesterday and a suggested (lifted) stop on longs at 1.6870 is exposed… Bunds & US tens could correct the stretches some, while S&P500 could attempt to crawl back over 1264 (possibly for a 1285 test)… Brent Crude is on the backfoot and targets $109.40 with $114.00\80 working as new resistance.
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Tech team
Skandinaviska Enskilda Banken AB