Entering the week with a small sour undertone but it is also worth to note that at least some positive signs are emerging with some equitiy markets ending last week on a positive footing (OMX spring bottom) and that some EM’s like EURPLN came off in both size and volume, Bond yields moved up a few points… Looks like we’re coming closer to a more general rebound.
EURUSD watching the 1.3150/3350 key support zone, EURJPY looking for 100.35, EURSEK => 9.42/45 for the week, USDSEK => 7.07, EURNOK 7.9115/9330 test (and cap?), NOKSEK bull flag exit = higher, Oil firm support not far away and Gold tumbling lower in the most severe reaction lower since 2008.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/09/TA2609.pdf
Tech team
Skandinaviska Enskilda Banken AB