Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Luc Luyet's daily technical outlook.
Majors
EUR/USD: LONG AT 1.1320 FOR 1.1561; STOP AT 1.1230
USD/JPY: BUY AT 119.46 FOR INITIAL 120.57, STOP 118.59
GBP/USD: SELL AT 1.5295 FOR 1.5108; STOP AT 1.5395
USD/CHF: LOWER SELL TO .9630 FOR .9482; STOP AT .9681
AUD/USD: LONG AT .7218 FOR .7497, STOP AT .7140
USD/CAD: SHORT AT 1.3030 FOR 1.2862; REVISED STOP AT 1.3081
Crosses
EUR/JPY: LONG AT 136.05 FOR 137.61, RAISE STOP AT 135.39
EUR/GBP: LONG AT .7375 FOR REVISED .7525; STOP AT .7380
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0865
EUR/CAD: POSS SELL
GBP/JPY: POSSIBLE LOOK TO SELL
NZD/USD: LONG AT .6480 FOR REVISED .6815; STOP AT .6530
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Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.