Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3184 FOR 1.3066, REVISE STOP AT 1.3226
USD/JPY: LONG AT 103.54 FOR REVISED 105.45; REVISE STOP AT 103.42
GBP/USD: LOOK TO SELL
USD/CHF: LONG AT .9121 FOR .9226 OBJECTIVE, REVISED STOP .9122
AUD/USD: LONG AT .9345 FOR .9480; STOP AT .9295
USD/CAD: LONG AT 1.0857 FOR 1.1053 STOP AT 1.0795
Crosses
EUR/JPY: SHORT AT 137.10 FOR REVISED 135.99; REVISED STOP AT 137.31
EUR/GBP: POSSIBLY SELL
EUR/CHF: LOOK TO SELL FOR 1.2030/1.2006
EUR/CAD: SHORT AT 1.4340 FOR 1.4165 STOP AT 1.4405
GBP/JPY: LONG AT 171.95 FOR 173.50, STOP AT 171.50
NZD/USD: SHORT AT .8400 FOR .8282; STOP AT .8440
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AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP
AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release.
USD/JPY finds its highest bids since 1990, near 155.50
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price lacks firm intraday direction, holds steady above $2,300 ahead of US data
Gold price remains confined in a narrow band for the second straight day on Thursday. Reduced Fed rate cut bets and a positive risk tone cap the upside for the commodity. Traders now await key US macro data before positioning for the near-term trajectory.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidance Premium
This must be "opposites" week. While Doppelganger Tesla rode horrible misses on Tuesday to a double-digit rally, Meta Platforms produced impressive beats above Wall Street consensus after the close on Wednesday, only to watch the share price collapse by nearly 10%.