Theme for today seems to be countermoves…
EUR/USD gapping higher from a deeply oversolde status makes continued upside reaction likely, USDJPY posted a bullish weekly candle, $index rejected from key resistance, EURSEK still doubt that we are ready to continue higher, look for a potential second false break of 9.2780, USDSEK should also find the 6.9925/7.0730 resistance a hard nut to crack, EURNOK slowly approaching neckline, CEE pressure also seems to be needing a breather, Bond yields pausing after past days big moves, S&P squeezed between a bearish weekly candle and a positive gap higher today, Oil still holding above key support and Gold a bit better footing.
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Tech team
Skandinaviska Enskilda Banken AB