EURUSD slowly but steadily eroding support and we still watch the 1.2883/93 support with great interest. USDJPY another QE and this time halflife….well can be counted in seconds, Friday’s bearish key day reversal still points south and espcially so if breaking 78.88, USDCAD popping back above par, EURSEK down at support levels (will there be buyers enough for another high to materialize?), USDSEK & USDNOK looks worth starting buying, EURGBP bear flag soon ready to break lower, EURCZK a powerful bull pattern developing, BONDS back in fashion so lower yields should be pencilled in, EQUITIES a tad less in fashion so more vulnerable to selling pressure, OIL still seeing a break lower as the only way to go.
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SEB tech team