Yesterday basically became a day of consolidation so really no changes to our expressed views only a one day delay. EURUSD minor bear flag created look for a downside break of 1.2272 to trigger, AUDUSD mid body test, 1.0145, coming up, AUDJPY looking incresingly bearish, USDJPY soon to catch up with falling US bond yield?, EURSEK continued sliding down to a fresh sub 8.5990 low, EURNOK failed to hold above the 7.4850 support so we’re now looking for a 7.4550 test, some NOKSEK buyers appearing, profit taking?, Spanish 10y yield closed above the B-wave high fueling upside expectations, RUB basket should edge higher, BUNDS time for a day to catch the breath? US notes continued upward pressure, S&P 500 eyeing important support just beneath current levels and OIL is set to resume its bear trend.
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SEB tech team