Broadbased (not only Eur weakness) dollar and jpy buying seen yesterday. Bond yields dropping to record lows, slumping commodities and weak equities. EURUSD now knockin on the door to a broad based support area (2005-2010 lows), EURJPY to challenge its yearly low, 97.04, CABLE broke its 1.5603 key support printing a falling shaven benchmark candle, EURSEK ?? false breaks on both sides the same day…8.93/96 support however expected to remain firm, USDSEK and JPYSEK both breaking higher up from their bull triangles, EURNOK false downside break of the box suggests short covering, USD emerging markets rallying with for instance USDMXN eyeing the 2011 peak, EURCEE3 pulled higher by risk off sentiment, BUNDS 1.28% new all time low, S&P500 exiting its bear flag, OIL fell hard exposing the 100.93 key support and GOLD still attracting bids ard 1540.
Click here to read the full report: Technical Alert
SEB tech team