Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.2435 FOR 1.2289 OBJECTIVE, STOP 1.2507
USD/JPY: LONG AT 117.70 FOR 119.84 OBJECTIVE, STOP 116.79
GBP/USD: SHORT AT 1.5725 FOR 1.5522; STOP AT 1.5745
USD/CHF: BUY AT .9650 FOR .9818 OBJECTIVE, STOP .9605
AUD/USD: POSS SELL
USD/CAD: LOOK TO BUY LOWER
Crosses
EUR/JPY: SELL AT 146.74 FOR INITIAL 144.32 OBJECTIVE, STOP 148.05
EUR/GBP: SELL AT .7955 FOR .7799; STOP AT .8010
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2042
EUR/CAD: SELL ON BOUNCE
GBP/JPY: LOOK TO RE-BUY
NZD/USD: LOOK TO SELL
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Editors’ Picks
EUR/USD clings to modest gains above 1.0650 ahead of US data
EUR/USD trades modestly higher on the day above 1.0650 in the early American session on Tuesday. The upbeat PMI reports from the Eurozone and Germany support the Euro as market focus shift to US PMI data.
GBP/USD extends rebound, tests 1.2400
GBP/USD preserves its recovery momentum and trades near 1.2400 in the second half of the day on Tuesday. The data from the UK showed that the private sector continued to grow at an accelerating pace in April, helping Pound Sterling gather strength against its rivals.
Gold flirts with $2,300 amid receding safe-haven demand
Gold (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark in the European session. Eyes on US PMI data.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.