With stocks breaking below key levels, risk aversion is clearly in the markets… S&P500 under 1291 and EuroStoxx50 exiting a bearish flag surely makes longs waver…
EURGBP is still in an upside drive and the May/yearly high of 0.9043 is on the agenda… AUDUSD looks to be forming another three-session top and 1.0580 below is increasingly exposed… EURUSD could still score fresh highs but the outlook for today is uncertain… EURSEK is thought to take out a 9.0365 high and move towards 9.0750… EURNOK must break above 7.8790 to become exciting… USD/scandies have both printed dollar-bullish candles, but more is needed for confidence in a bullish stance… EURCHF is likely forming a bottom formation, but over 1.2258 is neded for confirmation… EURPLN key ref below at 3.9445 still holds… Bonds could lose some glare, with an UpThrust in the US Sep tens, and an earlier lower break in bunds… Brent Crude is still refused to break above the 55day average band…
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