Majors
EUR/USD: LONG AT 1.3710 FOR 1.3819; REVISED STOP AT 1.3681
USD/JPY: LOOK TO BUY LOWER AT 101.80/70
GBP/USD: SELL AT 1.6675 FOR 1.6538; STOP AT 1.6745
USD/CHF: SHORT AT .8890 FOR .8800; STOP AT .8932
AUD/USD: LONG AT .8970 FOR .9169; STOP AT .8927
USD/CAD: LONG AT 1.1093 FOR 1.1225; STOP AT 1.1025
Crosses
EUR/JPY: LONG AT 140.70 FOR 142.90; STOP AT 139.95
EUR/GBP: LOOK TO SELL
EUR/CHF: SELL AT 1.2220 FOR 1.2131; STOP AT 1.2245
EUR/CAD: POSSIBLY BUY
GBP/JPY: LONG AT 170.55 FOR 173.65; STOP AT 169.10
NZD/USD: LONG AT .8260 FOR .8433; STOP AT .8235
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 consolidates gains below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery below 1.0700 in the European session on Thursday. The US Dollar holds its corrective decline amid improving market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD clings to moderate gains above 1.2450 on US Dollar weakness
GBP/USD is clinging to recovery gains above 1.2450 in European trading on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold price shines amid fears of fresh escalation in Middle East tensions
Gold price rebounds to $2,380 in Thursday’s European session after posting losses on Wednesday. The precious metal holds gains amid fears that Middle East tensions could worsen and spread beyond Gaza if Israel responds brutally to Iran.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.