EUR/USD having a hard time closing below 1.4100 (basically three times since March. Underlying euro weakness easier to spot looking at the euro index, which has broken lower. AUDJPY on the verge of a new round of weakness we think, EURSEK almost at the next target with the 9.28 print yesterday, look for bids 9.20/22 and a new marginally high, EURNOK congestion 7.83/89 before higher, EURPLN (and the rest of the CEE3’s) with a clear topside risk and especially so with rather respectively equity market plunging through support, Bonds should in yield terms make another low and especially the US 10y, €stoxx50 on the verge of breaking last week’s low point, OIL still in the doldrums and GOLD continues to shine, now above $1600.
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Tech team
Skandinaviska Enskilda Banken AB