Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LOOK TO SELL HIGHER
USD/JPY: SHORT AT 101.83 FOR 100.76; REVISED STOP AT 101.63
GBP/USD: SHORT AT 1.7100 FOR 1.6972; STOP AT 1.7155
USD/CHF: LONG AT .8909 FOR .9064; REVISED STOP AT .8955
AUD/USD: POSSIBLY LOOKING TO SELL
USD/CAD: SHORT AT 1.0785 FOR 1.0620 REVISED STOP AT 1.0805
Crosses
EUR/JPY: SHORT AT 137.97 FOR REVISED 136.25 OBJ, REV STOP 137.58
EUR/GBP: SHORT AT .8015 FOR REVISED .7857; STOP AT .7950
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SELL AT 1.4550 FOR 1.4410 OBJ, STOP 1.4620
GBP/JPY: BUY AT 172.15 FOR 174.55 STOP AT 171.60
NZD/USD: SHORT AT .8700 FOR .8568; STOP AT .8755
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Editors’ Picks
EUR/USD holds above 1.0700 ahead of key US data
EUR/USD trades in a tight range above 1.0700 in the early European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays above 156.00 after BoJ Governor Ueda's comments
USD/JPY holds above 156.00 after surging above this level with the initial reaction to the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Sei Price Prediction: SEI is in the zone of interest after a 10% leap
Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.