Euro strength continued Friday however with a first sellers response ahead of the w/e. JPY continued to weaken and GBP (in terms of the BOE GBP index) continues to fall hard. EURUSD a topside spike shows at least a sellers response, EURJPY so far halted by the 127 resistance, CABLE ended its upward correction and fell hard (and is after a possible small bounce seen continuing doing so), EURSEK locked in the triangle (buy the low end), EURNOK broke up from its bull triangle but in a disappointing way, NOKSEK confirmed the recent break lower adding a lot of cred for 1.1475, USDKRW up thrust peak risk sending the pair lower, EURPLN repeated failures above 4.20 indicates downside risk mounting, BUNDS failed attempt higher points down for the day, same for NOTES, S&P500 bid at high altitude, Spain’s IBEX printd a bearish key week reversal, OIL Sept 2012 peak in sight.
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SEB tech team