The common ccy, equities, commodities and bonds all ended last week on a positive footing so we’re entering the current one with risk appetite on. EURUSD continues to struggle higher seen by the upside spikes, EURJPY probably ended the current upward cycle on Friday, AUDUSD drifting lower after an earlier trend line rejection, EURSEK remains bid and 8.68/69 soon to be seen (thereafter 8.7190), USDSEK looking for buyers in the 6.63/64-area, EURNOK spiked higher but will not pause for long, EURPLN responded to its last line of defense by putting a bullish engulfing candle in place, BONDS are ending a minor congestion and will soon make further upward (price) progress, S&P500 still facing heavy overhead resistance and OIL trying the high end of its past months range.
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SEB tech team