Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.2480 FOR 1.2632 OBJECTIVE, STOP 1.2439
USD/JPY: LONG AT 117.30 FOR 119.84 REVISED OBJECTIVE, STOP 116.80
GBP/USD: SHORT AT 1.5725 FOR 1.5522; STOP AT 1.5745
USD/CHF: SELL AT .9618 FOR .9512 OBJECTIVE, STOP .9657
AUD/USD: SELL AT .8660 FOR .8510 OBJECTIVE, STOP .8722
USD/CAD: LONG AT 1.1330 FOR 1.1500 STOP AT 1.1275
Crosses
EUR/JPY: BUY AT 147.45 FOR 149.23 OBJECTIVE, STOP 146.36
EUR/GBP: BUY AT .7965 FOR .8102; STOP AT .7915
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2042
EUR/CAD: LOOK TO BUY
GBP/JPY: LONG AT 182.05 FOR REVISED 188.50, REVISED STOP AT 184.10
NZD/USD: REVISE SELL AT .7880 FOR .7712; STOP AT .7930
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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 holds around $2,330 after dismal US data
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%.