Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2700 FOR 1.2501; REVISED STOP AT 1.2683
USD/JPY: LONG AT 107.30 FOR 108.74; REVISED STOP AT 107.35
GBP/USD: SELL AT 1.6072 FOR 1.5940 OBJECTIVE, STOP AT 1.6135
USD/CHF: LONG AT .9518 FOR .9625 OBJECTIVE, STOP .9471
AUD/USD: SHORT AT .8745 FOR .8544, STOP AT .8817
USD/CAD: BUY AT 1.1160 FOR 1.1418 STOP AT 1.1081
Crosses
EUR/JPY: POSS BUY FOR 137.45
EUR/GBP: SHORT AT .7920 FOR INITIAL .7851 OBJECTIVE; STOP AT .7950
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: SHORT AT 1.4225 FOR 1.3855 STOP AT 1.4305
GBP/JPY: BUY AT 172.75 FOR 175.15; STOP AT 171.70
NZD/USD: SELL AT .7880 FOR .7670; STOP AT .7950
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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
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