Yesterday basically developed in the same way as the preceding day expect oil with ended its correction and fell relatively hard. EURUSD continues to struggle in the low end of the target range, below 1.3040/43 a peak in place more likely, CABLE minimum target for the upside correction now fulfilled, AUDUSD on the verge (1.0599/0625) of breaking higher for a new high (above 1.11), EURSEK at the triangle floor ready to take a dive, USDSEK dangerously close to 6.3170, EURNOK one step lower but will it last?, NOKSEK still some bids below 1.11 but soon seen filled, USDCAD took out stops below 1.01 but still holding above supp at 1.0080, EURPLN strong rebound higher (end of correction?), BOND corrections levelling off (and soon resuming the trend for lower yield), S&P500 a new record high but watch the 2000/2007 top line at 1594, OIL took a real beating rejected from the 55d ma band.
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