EUR/USD was halted at a collection of refs in the high-1.28s, but not sure the correction higher is over. The high-1.29s could be an alternative. To go short-term bearish 1.2604 has to be given up… USD/JPY has met two out of three short-term correctional objectives at 106.50 & 105.44. Will 104.45 also see action? Resistance has formed around 106.50 and at 107.50… EUR/GBP rally looks bold enough to challenge resistance at 0.8067… EUR/SEK could slip back into supports at 9.1640/9.1255, before assaulting 9.2240 and beyond… USD/SEK trades “all-over-the-place”. For now keep a double watch alert at 7.12 & 7.2075… EUR/NOK should trade higher and through 8.4200 with help of mid-body support at 8.3590… NOK/SEK sellers retain control, but more support just below market should cool bears off. Refs above to watch at: 1.0975, 1.1045 and at 1.1065… AUD/NZD is falling fast, likely targeting 1.09 next… USD/MXN should move higher with decent support in the 13.51/43-zone… EUR/PLN is on the move. Target 4.2335 next… Bonds soared again yesterday, but both German 6 US 10-year tenors ought to pause the move now… The S&P500 fell deep enough to attract bargain hunters. Expect laggard short-term buyers to be inspired by this and further gains through the session today… But there is no rest for oil prices. A Dec Brent Crude drop below the $83-handle would target ~79/75 later…
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