Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2940 FOR REVISED 1.2502; REVISED STOP 1.2666
USD/JPY: LONG AT 108.60 FOR 110.67; REVISED STOP 109.09
GBP/USD: SELL AT 1.6250 FOR 1.6052; STOP AT 1.6345
USD/CHF: LONG AT .9355 FOR .9625, STOP REVISED AT .9480
AUD/USD: SELL AT .8769 FOR .8544; STOP AT .8845
USD/CAD: LONG AT 1.1086 FOR 1.1279; REVISED STOP AT 1.1130
Crosses
EUR/JPY: LOOK TO BUY
EUR/GBP: SHORT AT .7850 FOR REVISED .7737; STOP AT .7860
EUR/CHF: SELL AT 1.2070 FOR 1.2030; STOP AT 1.2095
EUR/CAD: SHORT AT 1.4175 FOR 1.4015; REVISE STOP 1.4200
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: Middle East war fears spark fresh XAU/USD rally, will it sustain?
Gold price is trading close to $2,400 early Friday, reversing from a fresh five-day high reached at $2,418 earlier in the Asian session. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row.
Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’
Bitcoin price remains the focus of traders and investors ahead of the halving, which is an important event expected to kick off the next bull market. Amid conflicting forecasts from analysts, an international media site has lauded the halving and what it means for the industry.
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.