Key question for the week; extending or ending the corrections? Many markets have arrived or are close to arriving at primary correction targets hence the need of monitoring them more closely.
EURUSD spiked above its primary resistance zone, CABLE (and sterling in general) recovering, USDCAD possible having ended downside reaction, USDKRW heading for a 1159 correction target, rising US 10y bond yield should help pushing USDJPY a few notches higher, EURSEK looking for a temporary dip below 9.09, EURNOK the bull triangle still awaits its upside break, OBX at a primary correction target, S&P500 facing firmer resistance from now on, OIL bounce should be temporary (ending the week lower) and Gold intra range bid but below its 1678 resistance.
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Tech team
Skandinaviska Enskilda Banken AB