Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2940 FOR 1.2788; REVISED STOP AT 1.2945
USD/JPY: ADJUST BUY AT 108.48 FOR INITIAL 109.46 RETURN, STOP 108.22
GBP/USD: LOOK TO SELL 1.6465/75
USD/CHF: LONG AT .9355 FOR .9478 OBJECTIVE, STOP .9299
AUD/USD: LOOK TO SELL BOUNCE
USD/CAD: BUY AT 1.1040 FOR 1.1174; STOP AT 1.0980
Crosses
EUR/JPY: LONG AT 139.80 FOR 141.84; STOP AT 139.06
EUR/GBP: SHORT AT .7850 FOR .7756; STOP AT .7900
EUR/CHF: POSSIBLY SELL
EUR/CAD: POSSIBLY SELL
GBP/JPY: POSSIBLY BUY LOWER
NZD/USD: SHORT AT .8140 FOR .7962; REVISE STOP AT .8185
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Editors’ Picks
EUR/USD holds above 1.0650 after US data
EUR/USD retreats from session highs but manages to hold above 1.0650 in the early American session. Upbeat macroeconomic data releases from the US helps the US Dollar find a foothold and limits the pair's upside.
GBP/USD retreats toward 1.2450 on modest USD rebound
GBP/USD edges lower in the second half of the day and trades at around 1.2450. Better-than-expected Jobless Claims and Philadelphia Fed Manufacturing Index data from the US provides a support to the USD and forces the pair to stay on the back foot.
Gold clings to strong daily gains above $2,380
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.