The euro gave a lot of it back again yesterday while the dollar gained ground… EURUSD under 1.3000/93 has reopened the low-1.28s (1.2805/04) again… The dollar index [=USD] looks staged to violate the monthly high of 80.21… USDJPY pauses ahead of another +80 test ahead of a later 80.63\82 test… EURSEK draws closer to a test of a short-term key ref at 8.6670 – over which a +8.6950 print would become highly likely… USDSEK also looks bid to probe resistance at 6.66 – a gatekeeper for 6.72\74… EURNOK is currently eyeing the monthly 7.4420 high and above it would expose a mid-Sep peak at 7.7995… USDNOK is also pursuing resistance and over 5.7425 could lead into an extension closer to 5.80… Commodities looks heavy still with the CRB index now headed for the low-293s… This hurt the rouble and the Russian stock market, both headed lower in a synchronized move… The rand still hurts and USDZAR seems to be extending the move towards the key 8.8370 ref… EURPLN is also on the move higher and the next key ref to keep a close eye on is located at 4.1800… Dec Bunds are challenging resistance at 140.77 while US Dec tens struggles with resistance just overhead, but in a world of lesser risk appetite the ought to score while the sharply falling S&P500 now faces an extension into a 1406-1389 reference cluster… Dec Brent Cruse enjoys some trendline support here, but the key sub-$107 area still lies within reach…
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SEB tech team