Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3840 FOR 1.3948 OBJECTIVE, STOP 1.3777
USD/JPY: SHORT AT 102.05 FOR 101.15 OBJECTIVE, REVISED STOP 102.30
GBP/USD: REVISE BUY AT 1.6765 FOR 1.6917; STOP AT 1.6715
USD/CHF: SHORT AT .8790 FOR .8715 OBJECTIVE, STOP .8847
AUD/USD: LONG AT .9219 FOR .9544; REVISE STOP AT .9369
USD/CAD: LOOK TO SELL
Crosses
EUR/JPY: LONG AT 141.15 FOR 142.64 OBJECTIVE, STOP 140.41
EUR/GBP: SHORT AT .8247 FOR .8157; STOP AT .8292
EUR/CHF: BUY AT 1.2165 FOR 1.2249; STOP AT 1.2145
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 REVISED .8800; STOP AT .8640
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.