Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2700 FOR 1.2501; REVISED STOP AT 1.2710
USD/JPY: SELL AT 107.37 FOR 106.14 OBJECTIVE, STOP 108.03
GBP/USD: SELL AT 1.6072 FOR 1.5940 OBJECTIVE, STOP 1.6132
USD/CHF: BUY AT .9518 FOR .9625 OBJECTIVE, STOP .9471
AUD/USD: POSSIBLY SELL
USD/CAD: BUY AT 1.1160 FOR 1.1418 STOP AT 1.1081
Crosses
EUR/JPY: POSS BUY LOWER
EUR/GBP: SHORT AT .7920 FOR INITIAL .7851 OBJECTIVE; STOP AT .7950
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: SHORT AT 1.4225 FOR 1.3855 STOP AT 1.4305
GBP/JPY: POSSIBLY BUY
NZD/USD: LONG STOPPED, LOOK TO SELL
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Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold climbs above $2,340 following earlier drop
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.