Danske Research Team
Danske Bank A/S
Majors
EUR/USD: AWAIT TRADE OPPORTUNITY, LOOK TO SELL
USD/JPY: SHORT AT 101.83 FOR 100.76; REVISED STOP AT 101.63
GBP/USD: SHORT AT 1.7100 FOR 1.6972; REVISE STOP AT 1.7100
USD/CHF: LONG AT .8909 FOR .9064; REVISED STOP AT .8955
AUD/USD: POSSIBLY BUY
USD/CAD: SHORT AT 1.0785 FOR 1.0620 REVISED STOP AT 1.0770
Crosses
EUR/JPY: SHORT AT 137.97 FOR REVISED 136.25 OBJ, REV STOP 137.05
EUR/GBP: SHORT AT .8015 FOR REVISED .7857; STOP AT .7935
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SELL AT 1.4515 FOR 1.4370 STOP AT 1.4580
GBP/JPY: BUY AT 172.40 FOR 174.55 STOP AT 171.75
NZD/USD: SHORT AT .8700 FOR .8568; REVISE STOP AT .8660
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Editors’ Picks
EUR/USD holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.