Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3770 FOR 1.3848 OBJECTIVE, STOP 1.3731
USD/JPY: SHORT AT 102.05 FOR INITIAL 101.15 OBJECTIVE, STOP 102.69
GBP/USD: BUY AT 1.6690 FOR 1.6879; STOP AT 1.6600
USD/CHF: SELL AT .8869 FOR .8788 OBJECTIVE, STOP .8908
AUD/USD: LONG AT .9219 FOR .9448; REVISE STOP AT .9305
USD/CAD: SHORT AT 1.0995 FOR 1.0875 REV STOP AT 1.0994
Crosses
EUR/JPY: BUY AT 140.38 FOR 141.88 OBJECTIVE, STOP 139.89
EUR/GBP: POSSIBLY SELL
EUR/CHF: LOOK TO BUY
EUR/CAD: SELL AT 1.5180 FOR 1.4900 STOP AT 1.5240
GBP/JPY: LONG AT 170.45 FOR 173.15; STOP AT 169.45
NZD/USD: LONG AT .8578 FOR .8785; STOP AT .8610
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
AUD/USD remained bid above 0.6500
AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
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.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.