Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.1320 FOR 1.1000; STOP AT 1.1247
USD/JPY: LONG AT 118.90 FOR REVISED 120.82; STOP AT 119.05
GBP/USD: LONG AT 1.5365 FOR 1.5621; STOP AT 1.5305
USD/CHF: LONG AT .8755 FOR REVISED .9700; ADJUST STOP AT .9534
AUD/USD: SHORT AT .7828 FOR INITIAL .7698 OBJECTIVE, STOP .7880
USD/CAD: LONG AT 1.2495 FOR 1.2800 STOP AT 1.2380
Crosses
EUR/JPY: SHORT AT 134.18 FOR 132.00 OBJECTIVE, STOP 134.80
EUR/GBP: SHORT AT .7272 FOR .7114; STOP AT .7305
EUR/CHF: LONG AT 1.0730 FOR 1.0900; STOP AT 1.0678
EUR/CAD: SHORT AT 1.4065 FOR 1.3805 OBJ, STOP 1.4155
GBP/JPY: LONG AT 182.00 FOR 187.30; REVISED STOP AT 183.40
NZD/USD: LONG AT .7520 FOR .7619; STOP AT .7470
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
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.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.