A rather uneventful morning with many pairs in consolidation mode. Noted are however the returned demand for bonds and a potential textbook inverse head and shoulders pattern in BUNDS. EURUSD best fitted pattern is a bull triangle under creation, USDJPY adding more signs that the overextended surge is running late (EURJPY lacks one more high), STERLING continues to trade very weak and the BOE GBP index printed its bigggest loss since Aug 2011, EURSEK firm resistance on top capping for now, USDSEK downside risk prevails below 6.5930, EURNOK looking for a short term pause before higher again, NOKSEK annoying struggle around 1.1620, USDINR ending its downside correction, USDKRW strongest surge in months (check JPYKRW..bouncing from the 2010 low point support), EURHUF support confirmed = upside risk returning, BUNDS & NOTES both seen higher in price, S&P500 slowly but steadily higher and BRENT remains bid.
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SEB tech team