Bit of a split risk universe with commodities and equities weak whereas commodity currencies such as AUD stronger, JPY weaker and the greenback doing nothing in index terms.
EURUSD the room to manouvre is getting rather limited as we’re heading for kind of an apex point, EURAUD might draw a lot of attention breaking 1.2499, USDJPY seen stalling towards 80.29, EURSEK violation of 8.6670 strongly suggests a continued surge above 8.6950/90 (possible after a minor 8.64/65 setback), USDSEK watch that neckline as a break could trigger a buying spree, EURNOK heading next for 7.4995, JPYSEK a possible joker given the persistent bull divergence, EURPLN strong rise with good volume = increasingly bullish, above 4.18 the possible triangle gone, BONDS sidelined for now but we like them soon higher, in price that is, EQUITIES likely to digest the recent slump and OIL on the verge of breaking a now created triple bottom
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SEB tech team