The dollar holds the upper hand despite improved stock market sentiment… EURUSD is still thought to test the mid/low-1.28s, while USDJPY is expected to take out the recent 80.38 high, for extension towards 80.56\63… EURSEK should enjoy support in the 8.61s while EURNOK looks set to extend the ongoing slump. Below 8.3321 would call for ~8.31/29… NOKSEK ought to take out last month’s 1.1750 best in this process, targeting 1.1760-1.1850… EURCZK ought to confirm its recent >25.20 break and set off for a ~25.60 test later… Bunds consolidate recent gains and still hold 142.00 & 142.65 within sight – despite better S&P500 which could stretch for 1433-1443 following yesterday’s near-term bullish U-turn…
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SEB tech team