Reversing the reversals….so post weekend and risk off is back on the agenda. Stronger dollar, weaker euro and wobbly equities will be the main theme.
EURUSD gapping (a rather rare occasion) down from its bear flag supports our view of a soon 1.31/33 visit. ECB EUR index looks set to soon test 100. CABLE next aiming at the mid 1.56’s, AUD makes a third attempt to break lower, EURSEK & EURNOK might have completed the downside corrections but not yet confirmed (buy on dips is however the favored strategy), USD/Scandies a clearer pattern for more strenght, USDKRW zooming away, BOND yields creeping lower again, Equities at potential downside turning points, Oil looks small offered and GOLD is back bid.
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http://www.easyforexnews.net/wp-content/uploads/2011/09/TA1909.pdf
Tech team
Skandinaviska Enskilda Banken AB