Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3746 FOR 1.3848 OBJECTIVE, STOP 1.3703
USD/JPY: LONG AT 102.12 FOR 104.84 OBJECTIVE, REVISED STOP 103.39
GBP/USD: LONG AT 1.6645 FOR 1.6745; STOP AT 1.6595
USD/CHF: SHORT AT .8830 FOR .8729; STOP AT .8876
AUD/USD: LONG AT .9219 FOR .9408; STOP AT .9129
USD/CAD: LONG AT 1.1025 FOR 1.1170 REVISED STOP AT 1.0995
Crosses
EUR/JPY: LONG AT 142.74 FOR 145.17 OBJECTIVE, STOP 142.41
EUR/GBP: LONG AT .8285 FOR .8400; STOP AT .8255
EUR/CHF: LONG AT 1.2190 FOR 1.2260; STOP AT 1.2158
EUR/CAD: LONG AT 1.5185 FOR 1.5405; STOP 1.5135
GBP/JPY: LONG AT 169.00 FOR 174.85; STOP REVISED AT 172.15
NZD/USD: LONG AT .8578 FOR .8785; STOP AT .8493
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Editors’ Picks
AUD/USD remains under pressure above 0.6400
AUD/USD managed to regain some composure and rebounded markedly from Tuesday’s YTD lows in the sub-0.6400 region ahead of the release of the Australian labour market report on Thursday.
EUR/USD holds above 1.0650 amid renewed selling pressure in US Dollar
The EUR/USD pair edges higher to 1.0672 on Thursday during the early Asian session. The recovery of that major pair is bolstered by renewed selling pressure in the US Dollar and a risk-friendly environment.
Gold retreats as lower US yields offset the impact of hawkish Powell speech
Gold prices retreated from close to weekly highs during the North American session on Wednesday amid an improvement in risk appetite. The bullish impulse arrived despite hawkish commentary by US Federal Reserve officials.
Bitcoin price uptrend to continue post-halving, Bernstein report says as traders remain in disarray
Bitcoin price is dropping amid elevated risk levels in the market. It comes as traders count hours to the much-anticipated halving event. Amid the market lull, experts say we may not see a rally until after the halving.
Australia unemployment rate expected to rise back to 3.9% in March as February boost fades
Australia will publish its monthly employment report first thing Thursday. The Australian Bureau of Statistics is expected to announce the country added measly 7.2K new positions in March after the outstanding 116.5K jobs created in February.