Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3287 FOR 1.3460 OBJECTIVE, STOP 1.3230
USD/JPY: LONG AT 88.77 FOR 90.25, STOP AT 87.69
GBP/USD: SHORT AT 1.5890 FOR A 1.5754 OBJECTIVE, STOP AT 1.5935
USD/CHF: SHORT AT .9311 FOR INITIAL .9211; STOP AT .9351
AUD/USD: LONG AT 1.0487 STOPPED AT 1.0517, POSSIBLY BUY LOWER
USD/CAD: BUY AT .9950 FOR 1.0106 OBJ, STOP .9890
Crosses
EUR/JPY: LONG AT 117.05 FOR 120.27, STOP AT 117.00
EUR/GBP: POSSIBLY BUY
EUR/CHF: LOOK TO BUY LOWER
EUR/CAD: LONG AT 1.3135 FOR 1.3335, REVISE STOP AT 1.3155
GBP/JPY: LONG AT 139.65 FOR 142.75, REVISED STOP AT 139.65
NZD/USD: LONG AT .8350 FOR A .8477 OBJECTIVE, STOP AT .8365
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Recommended Content
Editors’ Picks
EUR/USD rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD holds above 1.2350 after UK PMIs
GBP/USD clings to modest daily gains above 1.2350 in the European session on Tuesday. The data from the UK showed that the private sector continued to grow at an accelerating pace in April, helping Pound Sterling gather strength.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.