Big stop loss day in the Swedish krona post the Riksbank, USD more pieces of evidence of an ended correction, equities and commodites still on a slippery slope. EURUSD big intra range swings the “megaphone” should however be exited to the downside, USD index massive bull candle = strong sign of returning bull trend, CABLE building confidence for a completed upside reaction, EURSEK important 8.5060/5300 resistance likely capping for now, USDSEK very bullish spring board take off, EURNOK ready to break 7.5780 for the mid 7.60’s, NOKSEK still seen as a down trend and offers likely at current levels – 1.13, USDCAD working its way north, USDKRW possibly a reaction low set, BUNDS seen soon breaking to new highs/fresh lows (sub 1.13%) in yield terms, S&P500 turned lower from where it should – great caution of 1527/28 taken out, OIL short term pause? or a direct 95 test?
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SEB
