Basically more of the same as yesterday i.e. more evidence of ending correction accross the asset classes.
EURUSD now three topside spikes but with a lower one yesterday showing sellers entered earlier, so building downside pressure we think. Commodities looks set to resume their decline putting increasing pressure on AUD (bear triangle), CAD, etc. Scandies continues along a weakening path, both against the dollar and the euro. EUR/PLN/HUF also seems to have completed temporary setbacks (as most of the EM universe).
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/09/TA3009.pdf
Tech team
Skandinaviska Enskilda Banken AB