The greenback and US bond yields fell after Fed minutes. CRB index and oil continued its decline and after a huge upside spike this morning it finally appears as the AUD reaction might be over (NZD on the other hand continues to trade on a firm footing). NOKSEK reaction probably over after buyers showing up ahead of 1.10.
EURUSD the rise still seen as part and parcel of a corrective bounce, CABLE look for a possible false break above 1.7180, AUDNZD just about to break the 1.0649 support, EURSEK a deeper than expected, but nevertheless corrective setback, EURNOK as we’re still below 8.4300 there’s still a possibility for a 2nd leg lower, NOKSEK a clear buyer’s response indicates a possible correction low in place, EURHUF an encouraging bounce from support, US Sep notes heading for a 125-11/14 test, €STOXX bounced but is far from out of the woods, BRENT continued its ascent down to the 78.6% Fibo support and GOLD is about to exit its recent bullish consolidation range.
Read the full report: Technical Alert