Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3443 FOR 1.3636 OBJECTIVE, STOP 1.3369
USD/JPY: BUY AT 91.80 FOR 93.65 OBJECTIVE, STOP 91.18
GBP/USD: SELL AT 1.5770 FOR A 1.5636 OBJECTIVE, STOP AT 1.5820
USD/CHF: SHORT AT .9311 FOR .8976 OBJECTIVE, STOP REVISED AT .9132
AUD/USD: BUY AT 1.0387 FOR 1.0502 OBJECTIVE, STOP 1.0340
USD/CAD: LONG AT .9960 FOR 1.0101 RETEST, REVISED STOP .9940
Crosses
EUR/JPY: BUY AT 123.53 FOR 126.70 OBJECTIVE, STOP 122.89
EUR/GBP: POSSIBLY SELL
EUR/CHF: POSSIBLY BUY LOWER
EUR/CAD: POSSIBLY BUY LOWER
GBP/JPY: LONG AT 145.90 FOR 149.10 OBJECTIVE, STOP AT 144.75
NZD/USD: LONG AT .8425 FOR A .8527 OBJECTIVE, STOP AT .8380
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Editors’ Picks
EUR/USD clings to modest gains above 1.0650 ahead of US data
EUR/USD trades modestly higher on the day above 1.0650 in the early American session on Tuesday. The upbeat PMI reports from the Eurozone and Germany support the Euro as market focus shift to US PMI data.
GBP/USD extends rebound, tests 1.2400
GBP/USD preserves its recovery momentum and trades near 1.2400 in the second half of the day 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 against its rivals.
Gold flirts with $2,300 amid receding safe-haven demand
Gold (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 in the European session. Eyes on US PMI data.
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.