Peter Possing Andersen
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3305 FOR 1.3456 OBJECTIVE, STOP 1.3255
USD/JPY: SELL AT 97.90 FOR 96.40 OBJECTIVE, STOP 98.49
GBP/USD: BUY AT 1.5617 FOR A 1.5753 OBJECTIVE; REVISE STOP AT 1.5565
USD/CHF: LOOK TO SELL .9320/30
AUD/USD: LONG AT .9090 FOR .9320, STOP AT .9034
USD/CAD: SHORT AT 1.0345 FOR 1.0170 STOP AT 1.0405
Crosses
EUR/JPY: LONG AT 130.00 FOR 131.97 OBJECTIVE, STOP AT 129.10
EUR/GBP: POSSIBLY SELL
EUR/CHF: POSSIBLY BUY
EUR/CAD: POSS BUY
GBP/JPY: LONG AT 151.70 FOR 154.05, REVISED STOP AT 151.10
NZD/USD: LONG AT .8065 FOR A .8173 OBJECTIVE; STOP AT .8005
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GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.