Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2940 FOR REVISED 1.2610; REVISED STOP AT 1.2770
USD/JPY: LONG AT 108.60 FOR 110.67; STOP AT 108.22
GBP/USD: SHORT AT 1.6300 FOR 1.6052; REVISED STOP AT 1.6280
USD/CHF: LONG AT .9355 FOR .9569, STOP .9430
AUD/USD: SELL AT .8769 FOR .8544; STOP AT .8845
USD/CAD: LONG AT 1.1086 FOR 1.1279; REVISED STOP AT 1.1087
Crosses
EUR/JPY: POSSIBLY SELL
EUR/GBP: SHORT AT .7850 FOR .7756; STOP AT .7900
EUR/CHF: LOOK TO SELL
EUR/CAD: SHORT AT 1.4175 FOR 1.4015 OBJ, STOP 1.4250
GBP/JPY: LONG AT 177.80 FOR 182.00; STOP AT 175.95
NZD/USD: SELL AT .7855 FOR REVISED .7670; STOP AT .7915
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Editors’ Picks
EUR/USD holds steady near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.