Focus has shifted from Greece to Italy and Italian bond yields are still soaring…. The effect on the euro is so far absent, but the ongoing EURUSD consolidation still looks like part of a broader push lower. No strong views for the day ahead though… USDJPY trades close to a short-term key support-zone around 77.50 – keep a close watch… The NOK looks increasingly vulnerable and refs at NOKSEK 1.1640, 7.7670 EURNOK & 5.6625 USDNOK should be monitored closely… EURSEK looks tame in a 9.0180\9.0570 range… EURCZK is fast advancing higher and EURPLN could dip towards 4.31 before turning higher… US & GER bond yields should soften further, while EuroStoxx50 retains a downside risk… Brent Crude is now testing the high end of a broader parallel…
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Tech team
Skandinaviska Enskilda Banken AB