Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.0647 FOR 1.0457; STOP AT 1.0715
USD/JPY: BUY AT 120.35 FOR 121.67; STOP AT 119.65
GBP/USD: SHORT AT 1.4925 FOR REVISED 1.4635; STOP AT 1.5010
USD/CHF: BUY AT .9850 FOR 1.0091; STOP AT .9770
AUD/USD: SELL AT .7700 FOR .7451; STOP AT .7810
USD/CAD: BUY AT 1.2640 FOR 1.2900 OBJ, STOP 1.2505
Crosses
EUR/JPY: SELL AT 129.90 FOR 126.57; STOP AT 130.85
EUR/GBP: SELL AT .7275 FOR .7015; STOP AT .7330
EUR/CHF: POSS SELL
EUR/CAD: SHORT AT 1.3735 FOR 1.3230; REVISE STOP AT 1.3680
GBP/JPY: POSSIBLY SELL
NZD/USD: SELL AT .7470 FOR .7229; STOP AT .7550
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EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.