EUR/USD near-term impulse has turned to the bright side of the force – for the euro that is… EUR/USD over 1.2425\57 would correctively target 1.2532 or even 1.2600 – but not if losing 1.2295 again… USD/JPY tests the sub-118 once more, possibly even 117.24 later… USD index is suffering from correctional forces too. A bearish looking loss of 88.35 support would argue for extension into the lower 87s… EUR/SEK grinds higher with 9.3840\9.3900 in the corner of the eye, but the move is painstakingly slow with sellers’ responses repeatedly disturbing the trend… USD/SEK tests deeper into support with correctional targets at 7.4750 and possibly even 7.4525 before buyers return, but fun’s over for bears should 7.5555 be quickly reclaimed… EUR/NOK is pending into the CPI distraction today. A clear-cut bullish breakout would target 8.95 while an extended consolidation/correction would target 8.7360 before up… NOK/SEK trades with an increased reaction risk, targeting 1.0745 and higher if resistance at 1.0602 goes… The Mar Bund contract contests resistance at 154 (0.69% in the cash yield)… The Dec S&P500 contract was truly shaken yesterday. If 2,049 is lost again, there will be aftershocks – less likely if reclaiming 2,068 8and later 2,076… Brent Crude could stage a small correction. Target 69.15 if resistance at 67.50 is violated…
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