Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3633 FOR 1.3734 OBJECTIVE, STOP 1.3569
USD/JPY: LONG AT 102.35 FOR 103.02 OBJECTIVE, STOP 102.10
GBP/USD: LONG AT 1.6790 FOR 1.6922; REVISE STOP AT 1.6760
USD/CHF: SHORT AT .8952 FOR .8859 OBJECTIVE, STOP .9005
AUD/USD: LONG AT .9350 FOR .9461; STOP AT .9295
USD/CAD: BUY AT 1.0892 FOR 1.1053 STOP AT 1.0825
Crosses
EUR/JPY: BUY AT 138.88 FOR 140.66 OBJECTIVE, STOP 138.49
EUR/GBP: LONG AT .8110 FOR .8184; STOP AT .8080
EUR/CHF: SELL AT 1.2205 FOR 1.2141; STOP AT 1.2227
EUR/CAD: SELL AT 1.4900 FOR 1.4730 STOP AT 1.4970
GBP/JPY: LONG AT 172.00 FOR 173.65; STOP AT 171.50
NZD/USD: LONG AT .8500 FOR .8604; REVISE STOP AT .8470
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Editors’ Picks
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold struggles around $2,325 despite broad US Dollar’s weakness
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.