Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3450 FOR REVISED 1.3295, STOP LOWERED TO 1.3453
USD/JPY: BUY AT 102.48 FOR 103.65 OBJECTIVE, STOP 101.93
GBP/USD: SHORT AT 1.6990 FOR 1.6845; STOP AT 1.6960
USD/CHF: LONG AT .8909 FOR REVISED .9156; REVISED STOP AT .9028
AUD/USD: SELL AT .9325 FOR .9203; STOP AT .9360
USD/CAD: BUY AT 1.0850 FOR 1.1007 STOP AT 1.0795
Crosses
EUR/JPY: BUY AT 137.40 FOR 138.82; STOP AT 136.80
EUR/GBP: BUY AT .7900 FOR .8007; STOP AT .7865
EUR/CHF: LONG AT 1.2165 FOR 1.2200; STOP AT 1.2155
EUR/CAD: LONG AT 1.4575 FOR 1.4780 STOP AT 1.4525
GBP/JPY: LONG AT 173.00 FOR 175.35; STOP AT 172.30
NZD/USD: SELL AT .8555 FOR .8401; STOP AT .8590
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Editors’ Picks
EUR/USD rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD holds above 1.2350 after UK PMIs
GBP/USD clings to modest daily gains above 1.2350 in the European session on Tuesday. The data from the UK showed that the private sector continued to grow at an accelerating pace in April, helping Pound Sterling gather strength.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
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.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.