In general a stronger dollar emerging with especially CABLE, AUDUSD, NZDUSD seen as a sell. The yen also seems to be on a strengthening path. EURUSD a marginally new low has fulfilled at least our minium target of a fresh cycle low, EURSEK, by the slimmest of margins, failed to set a new low yesterday but there should ideally be one more low to come before making a larger rebound (it’s however probably wise getting a few USDSEK, JPYSEK onboard already now), BOND yields should continue lower, EQUITIES looks small offered and OIL is really indecisive (but holds a bearish pattern, we think).
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SEB tech team