End-of-week demand in GBPUSD & EURUSD, or is there more buying in the pipe? Watch 1.5884 & 1.3192 for more clues, or 1.5750 & 1.3120 for that matter… USDJPY looks set to ignite a correction lower, so below 82.90 must be watched closely… EURSEK looks rangy but messy – no strong directional hints for the start of the week… EURNOK could re-test 7.52/50 before turning higher while NZDNOK may have correctionally peaked… US & German yields soared last week and they must also be watched. The German cash 10y tenor over 2.09% would be increasingly bearish. S&P500 grinds on and additional gains can’t be ruled out – at least as long as staying on top of 1385… Brent Crude U-turned Fri and recent peaks are exposed…
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SEB tech team