EUR/USD is still in waiting mode – not knowing if it’s a top forming or a bullish flag in creation… GBP/USD on the other hand looks a tad more bullish and a +1.5884 high looks increasingly likely… AUDUSD has been carried into yet another fresh high after the RBA surprise this morning… Could extend gains further despite the short-term stretch… EURSEK sends mixed signals but could test resistance at 8.8400\520… EUR/NOK spiked more clearly yesterday and also over 7.6415 would turn focus to resistance near 7.67… USDTRY looks poised to start scoring again – in line with the underlying uptrend and should be monitored closely if/when breaking 1.7670… EURPLN remains in the support zone, but if following bond market spreads it ought to start rising from here (or else the spread should narrow)… Mixed signals in US & German bond markets with potential bullish “Harami” prints contesting post NFP losses last week… S&P500 is grinding into more profound resistance soon and more two-way traffic may occur when old longs get out… The Shanghai Composite index is struggling with resistance again and under 2276 would indicate that buyers are losing the battle… Brent crude extended gains yesterday but could turn tail and create a sell signal today…
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SEB tech team