EURUSD remains aggressively neutral inside 1.3257 & 1.3404, while the yen comes crawling back and looks set to keep scoring for USDJPY to test ~87.80 and AUDJPY ~92.40… GBPUSD looks ripe to extend losses and the next key point to watch below is found at 1.5810… EURSEK remains stuck in a 8.65-8.72 range while EURNOK is rechecking 8.4200-8.4025 support before higher… USDNOK should be treated bullishly while over 5.5275 while USDSEK still needs to find firmer ground (at a fresh low?)… In the EM space EURHUF stands ready to move higher again – watch 295.80 closely now… Also EURPLN should be able to make it through 4.1925 before long… Bellwether bond markets on both sides of the pond retain a bullish stature. Watch 143.38-143.64 in the German 10y Mar Bund and 132-15 in the US Mar tens… The front S&P500 contract has met its target which raises the reaction risk but taken together with the Dow Transportation sub-index at a fresh all-time high and still raising a “crash” does not seem imminent… The front Brent Crude contract has also met its target and is “overbought” and therefore upping the reaction risk significantly. Watch $111.53 closely now…
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SEB tech team