A lot of events since yesterday morning. Risk appetite on the defensive with VIX rising (up from a higher low) and EZ worries back on the frontpage.
The common currency is again under increasing pressure and EURUSD is checking key support levels, EURJPY printed an up-thrust peak yesterday so a favoured candidate to shorten, EURGBP ending what seems like a bear flag etc. Dollar index also making bullish progress. EURSEK – waiting for Riksbank, USDSEK key level 6.8460, EURNOK some more profit taking buying likely and pushing NOKSEK a tad lower, EURCAD on the verge of confirming a break lower, EURPLN added more confidence to the base building process yesterday, BUNDS & US notes will continue their respectively bull trend, EQUITIES looks vulnerable (S&P500 up-thrust peak of special interest), OIL exploring the $120 area and GOLD rather neutral for the day.
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SEB tech team