Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3184 FOR 1.3066, REVISE STOP AT 1.3226
USD/JPY: LONG AT 103.54 FOR REVISED 105.45; REVISE STOP AT 103.42
GBP/USD: SELL AT 1.6620 FOR 1.6460 STOP AT 1.6682
USD/CHF: LONG AT .9121 FOR .9251 OBJECTIVE, REVISED STOP .9137
AUD/USD: LONG AT .9345 FOR .9480; STOP AT .9295
USD/CAD: LONG AT 1.0857 FOR 1.1053 STOP AT 1.0795
Crosses
EUR/JPY: SHORT AT 137.10 FOR REVISED 135.99; REVISED STOP AT 137.22
EUR/GBP: SHORT AT .7940 FOR .7857; STOP AT .7975
EUR/CHF: LOOK TO SELL FOR 1.2030/1.2006
EUR/CAD: SHORT AT 1.4340 FOR 1.4165 STOP AT 1.4405
GBP/JPY: LONG AT 171.95 FOR 174.20, STOP AT 171.50
NZD/USD: SHORT AT .8400 FOR .8282; STOP AT .8440
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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.