Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.2370 FOR 1.2602; REVISE STOP AT 1.2335
USD/JPY: SELL AT 119.64 FOR INITIAL 117.24 OBJECTIVE, STOP 120.25
GBP/USD: LONG AT 1.5680 FOR 1.5826; STOP AT 1.5620
USD/CHF: SELL AT .9718 FOR .9530 OBJECTIVE, STOP .9779
AUD/USD: SHORT AT .8566 FOR .8083, REVISED STOP AT .8350
USD/CAD: LONG AT 1.1435 FOR 1.1680; REVISE STOP AT 1.1470
Crosses
EUR/JPY: LONG AT 147.30 FOR 149.39; STOP AT 146.28
EUR/GBP: SHORT AT .7919 FOR .7767; STOP AT .7989
EUR/CHF: SELL AT 1.2032 FOR 1.1971; STOP AT 1.2050
EUR/CAD: BUY AT 1.4325 FOR 1.4500; STOP AT 1.4265
GBP/JPY: LOOK TO RE-SELL
NZD/USD: POSSIBLY SELL
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Editors’ Picks
EUR/USD turns negative near 1.0760
The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR/USD to the area of daily lows near 1.0760.
GBP/USD comes under pressure and challenges 1.2500
GBP/USD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar.
Gold retreats from highs on stronger Dollar, yields
XAU/USD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
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Week ahead – US inflation numbers to shake Fed rate cut bets
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