The demand for dollars continued also yesterday and execept for a short pause (currently in the midst of it) we see more of the same. Commodities (CRB basically free falling after Monday’s break of key support and Oil breaking its neckline).
EURUSD small bounce and thereafter a go at 1.2860, AUDUSD possible an accleration lower to catch up with weakness in commodites, Chinese stocks etc, EURSEK hourly bull flag => 9.1450, EURNOK eyeing 7.8290 next, USD/Scandies still a preferred choice, EURJPY soon going from triple to double digits, USDKRW watch out breaking 1165, Bond prices continues to soar and Equities (S&P500) trying the low end of its 55d ma support.
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Tech team
Skandinaviska Enskilda Banken AB