USD strength – EUR weakness still in progress even though EUR/USD might consolidate some having arrived at important support levels. AUD bearish price action last week as well as AUDJPY. EURJPY down from its bear flag but aswaitng a close below the Ichimoku cloud, EURSEK should take a pause arriving around 9.12 whereas EURNOK looks set to break higher for 7.9550 making NOKSEK perhaps take a step back before breaking 1.16.Bond yields in Europe continued to decline whereas US a bit more mixed, Equities posted several sell signals last week and should thus continue lower and oil close to a potential turning point, 120.95.
Tech team
Skandinaviska Enskilda Banken AB