EURUSD & EURJPY both look heavy and could soon start threatening “B-wave lows” at 1.3653 & 104.77… AUDUSD is rechecking a wider 1.0370/1.0190 support zone diverging price/momentum indicators indicate bids there won’t put the pair on much a better footing… EURSEK looks directionless while EURNOK looks set to test overhead resistance. In this context NOKSEK looks heavy while holding below 1.1775… EURGBP looks like a “sell-on-rallies” (0.8650\80)… The 10yr ITA/GER spread continues to widen, likely eyeing the early 1990 wides… USDMXN & EURPLN are both staged to pull further north… Bonds look bid (Bunds closed bullishly above the “Ichimoku cloud” yesterday)… The S&P500 index U-turned at a 78.6% Fibo number and a 1254 re-test looks like a sell if you get the chance…
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Tech team
Skandinaviska Enskilda Banken AB