Dollar strength yesterday eased and gave way to a consolidation phase. Corrective moves also seen elsewhere with scandies strenghtening, oil getting hit by supply from strategic reserves. EURUSD looking for renewed weakness, USDJPY showing first signs of exhaustion, EURSEK still trapped in the 8.86/96 range, EURNOK looking for buyers no later than the mid body point, EURPLN attempt above 4.16 failed, BONDS decline paused, EQUITIES remain bid but elevated, OIL short term setback as long as holding above 121 and GOLD now in its buy zone.
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SEB tech team