Another eventful day with several milestones passed. In general we are looking for more dollar strength (perhaps excluding JPY & GBP, both looks reaction prone to us). Scandies and commodity currencies to weaken further, Emerging markets as well, Bonds will continue to be in demand and with CRB index gapping down from its bear flag commodities is seen continued lower. EURUSD small pause on top of 1.3140/60 before lower, EURGBP bull trap! Seek a sell around 0.8675, EURJPY minor bear flag overnight points lower (BOE JPY index probably printing a bullish weekly candle), EURSEK correction not completed, 8.51 next, GBPSEK bullish candle underpinned by a bull divergence, EURNOK finally out of the bull flag so buy the dips for 7.53/54, USDNOK advancing hard and there’s certainly more to come, USDCAD small dip before higher, USDINR supp 54.50, USDTRY taking off => next 1.7995, EURPLN remains in its bull triangle, BUNDS & NOTES are both in demand, S&P500 monitor the 1495 support and OIL continues to fall.
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