Technical Analysis

EURUSD drifting lower in a non trending mode, JPY is more than recovering yesterday morning losses, AUDUSD is making downside progress after the Thu-Mon top formation, EURSEK sellers will run into headwinds in the 8.45/48-area, EURNOK looks better set for continued decline so NOKSEK looking cheap, having completed a potential bull flag, USDINR making some upside progress from a potential turnaround area, EUR/CEE3 all togther in a rising mode, BOND yields sliding lower, Equities modest moves only, OIL continued its steep fall by breaking the important 111.11 and accelerating the decline.

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SEB tech team