The euro rather resilient (so far) to bearish signals coming out of Spain (bank CDS’s took off yesterday, bearish key day reversal in IBEX), JPY – the stage is set for a comeback (EURJPY bearish key day reversal, USDJPY double top?, AUDJPY retreating, JPYSEK false downside break), AUD yday’s sell signal continues to push the pair lower (and so will the soon to come break in CRB), EURSEK looking for bids in the low end of the 8.85/96 box, EURNOK looks correction prone (7.5750? 7.5325?) making the case for a move higher in NOKSEK even greater (the falling wedge is a terminating pattern!), EUR/CEE3 notably advances yesterday, Bonds back in fashion so more look for higher prices, S&P showing potential toppish signs, OIL still in its bull triangle and GOLD looking offered.
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SEB tech team