Some signs of the recent dollar decline running out of steam. JPY arrving at an important junction (ex USDJPY arriving at its 50% Fibo of the 2007/2011 decline). EURUSD peaked in the low end of the 55d ma band reaction target, CABLE minor triangle points to possible one more high before stalling and turning down, JPY signs of an oversold yen gathering, EURSEK bear triangle ready to give way to 8.25 (and lower), EURNOK going the opposite way, upside potential in focus…so NOKSEK seen heading for new trend lows, AUDNZD heading for the Feb lows, EURCZK bullish development, EURPLN erasing support after support, BONDS still in a corrective process so probably slightly higher yield, S&P 500 at a new all time high – caution with the 2000/2007 top line at 1594, OIL still digesting the early April slump.
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