Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3665 FOR 1.3734 OBJECTIVE, STOP 1.3635
USD/JPY: SHORT AT 101.45 FOR 100.81 OBJECTIVE, STOP 101.81
GBP/USD: REV BUY AT 1.7126 FOR 1.7331 STOP AT 1.7061
USD/CHF: SELL AT .8885 FOR .8800 OBJECTIVE, STOP .8922
AUD/USD: LONG AT .9395 FOR .9570; STOP AT .9410
USD/CAD: SELL AT 1.0747 FOR 1.0589 STOP AT 1.0817
Crosses
EUR/JPY: BUY AT 138.55 FOR 139.79 OBJECTIVE, STOP 138.11
EUR/GBP: SHORT AT .8015 FOR .7887; REVISED STOP AT .8014
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; REVISED STOP AT 1.2179
EUR/CAD: SHORT AT 1.4750 FOR 1.4410 OBJ, REVISED STOP 1.4650
GBP/JPY: BUY AT 173.70 FOR 175.60; STOP AT 172.80
NZD/USD: LONG AT .8705 FOR .8842; STOP AT .8720
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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.
Meta takes a guidance slide amidst the battle between yields and earnings
Meta's disappointing outlook cast doubt on whether the market's enthusiasm for artificial intelligence. Investors now brace for significant macroeconomic challenges ahead, particularly with the release of first-quarter GDP data.