No big changes from yesterday… USD sellers respond to intraday rallies so the correctional theme may linger for some time yet… Best using this opportunity seems to be the pound and the aussie which holds tests of 1.5723 & 1.0330 (1.0475) possible… EURUSD could also drift higher, but ought to face resistance at 1.2334 \ 1.2407… EURSEK is also drifting higher and advertises for sellers in the ~8.65\70-area… EURNOK looks less clear but over 7.5000 would target 7.5315 – over which 7.5660 would come back into play… A NOKSEK session close above 1.1590 would target 1.1675\1.1810… German & US bonds are still in fashion and are thought to keep scoring today/this week… German 10y yield under 1.16 would target 1.10-1.00% and US 10y yield holds a 1.29% objective alive… Brent Crude remains on a correctional path and should keep scoring in a short-term perspective with objectives at 110.35 & 115.35… EuroStoxx50 may have passed its correctional peak, but below 2121 is needed to fully confirm…
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SEB tech team