Yen is notably weaker at the same time as S&P500 is accelerating lower, so little bit of a mixed picture there it seems… EURUSD is doing less, but could still extend the ongoing near-term correction somewhat higher (to test the 1.28-handle)… EURJPY (& USDJPY) see more action and the former is exposing refs at 103.42 & *104.00*… EURGBP is also higher, targeting refs at 0.8063\75… EURSEK over 8.6450 exposes the recent 8.7190 high again and USDSEK over 7.8030 would target 7.8360\540… EURNOK is less active, but could still extend towards a 7.3530\640 correctional objective zone. NOKSEK over 1.1790 & 1.1820 would set a new target at 1.1875… AUDCAD sends early warnings of the short-term tide turning (from bullish to bearish). Below 1.0275 would add credence to a short-term bearish play… NZDUSD fell through key support (0.8123) yesterday and risks further losses… USDZAR zoomed higher and looks staged to stay on this path. Above 8.9950 would target ~9.23… USDBRL is also extending gains and next key level above at 2.0990 is fully exposed… EURPLN corrected lower, but should draw support from the low-4.15s… Dec Bunds & US Dec tens both look bullishly constructive still and are staged for breaks over 144.49 & 134-18… Dec S&P500 closed notably negative again yesterday, increasing the risk for a 1325 test… Jan Brent Crude went inter-range higher yesterday on Mid-East geopoliticals, but this is so far not enough to post any real directional guidance…
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SEB tech team