Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LOOK TO SELL, AWAIT SIGNAL
USD/JPY: LONG AT 102.12 FOR 102.69 OBJECTIVE, STOP 101.67
GBP/USD: BUY AT 1.6587 FOR 1.6787; REVISE STOP AT 1.6540
USD/CHF: LONG AT .8818 FOR .8930 OBJECTIVE, STOP AT .8787
AUD/USD: LOOK TO BUY ON DIPS
USD/CAD: LONG AT 1.1025 FOR 1.1170 STOP AT 1.0970
Crosses
EUR/JPY: SHORT AT 140.75 FOR REVISED 139.15 OBJ, STOP 141.08
EUR/GBP: LONG AT .8305 FOR .8467; STOP AT .8255
EUR/CHF: POSSIBLY BUY ON DIPS
EUR/CAD: LOOK TO SELL
GBP/JPY: LONG AT 169.00 FOR INITIAL 172.10; REVISED STOP AT 168.55
NZD/USD: LONG AT .8550 FOR REVISED .8785 OBJECTIVE; STOP AT .8615
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 extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY keeps pushing higher, eyes 156.00 ahead of US GDP data
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, recapturing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming intervention risks. The focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold closes below key $2,318 support, US GDP holds the key
Gold price is breathing a sigh of relief early Thursday after testing offers near $2,315 once again. Broad risk-aversion seems to be helping Gold find a floor, as traders refrain from placing any fresh directional bets on the bright metal ahead of the preliminary reading of the US first-quarter GDP due later on Thursday.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.