The positive vibes ending last week seems to be prevailing, perhaps except the euro that has continued to slide after the topside failure.
EURUSD still trapped in the 1.3026/1.3219 range but with a negative undertone, EURAUD have broken to a multi decades low, EURGBP three days below the mid body point should be enough so we like it lower, EURSEK and EURNOK both fell sharply making our call for bull flags obsolete, fresh yearly lows in the making, USDSEK not really that impressive move through 6.6845…bottoming?, commodity ccy’s a bit under pressure this mng, USDCAD 0.9892 in focus, EURPLN denied (for how long?) entrance below the 233d ma band, BOND prices (Bund and Notes) fell sharply post NFP and looks set to fell a bit more, EQUITIES rallied and will probably extend the move further, OIL showing some positive development and GOLD fell hard, creating a bearish key dar reversal.
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SEB tech team