Whereas the euro remain in a stalemate the sterling continues to rebound most other ccy’s, JPY also generally a tad stronger (a lurking reaction?). Emerging markets trading rather weak (fx as well as equities, for instance Thai down ~9% this week). EURUSD locked in a 1.2879 – 1.2980 range, CABLE trading above its neckline so should attract more buying, CADJPY a short term bear flag exited this morning, EURSEK should continue higher to 8.45ish the coming days, EURNOK stalled at the 7.5780 res yday so allow for a day or two of congestion before heading for 7.65/66, NOKSEK in the meanwhile likely to rebound to 1.1165/1.1220, EURHUF & EURPLN (long trade rec +0.67) both liked higher, BONDS ranging but bid, S&P500 unclear short term direction, OIL back on track lower and GOLD watch the imporant 1620/26 res.
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