The euro looks a little stronger now and defensive currencies like USD & JPY have to dodge. EURUSD could set a fresh >1.3173 high – at least barring a <1.2825 counterbreak… Below 78.60 would hurt the dollar against it’s index… EURJPY ought to take out a prior 103.86 high, but is already showing some buyers’ hesitation at a short-term “equality-point”… EURGBP seems headed for 0.8145\50 (& later possibly also towards a short-term key pivot at 0.8222)… EURSEK shows correctional advance and should turn lower to test ~8.60/56 – wrong if back above 8.6625… EUR/NOK does nothing and a double 7.3550\7.4420 watch is justified… USD7scandies both look heavy. USDSEK key ref below at 6.5615 must be watched and for USDNOK 6.63 is the level to keep in mind… USDCAD above 0.9886 would be a loonie negative and argue for a move to/beyond parity… EURHUF trades at a correctional objective so stay alert for early bullish signs from now on… Bunds & US tens are testing short-term supports… Dec S&P500 seems headed for the higher end of a potential bullish flag 1466\68… Dec Brent is confined to a near-term range – watch for any break outside 112.46\115.05…
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SEB tech team