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: SHORT AT 1.1055 FOR 1.0848, STOP 1.1143
USD/JPY: LONG AT 120.35 FOR 122.13; STOP AT 119.59
GBP/USD: SHORT AT 1.5365 FOR 1.5201; STOP AT 1.5425
USD/CHF: BUY AT .9770 FOR .9903; STOP AT .9708
AUD/USD: SHORT AT .7217 FOR .7002; STOP AT .7312
USD/CAD: LONG AT 1.2970 FOR REVISED 1.3218 OBJ, REVISED STOP 1.3030
Crosses
EUR/JPY: SHORT AT 134.00 FOR 132.23; LOWER STOP TO 134.35
EUR/GBP: SELL RALLIES
EUR/CHF: POSSIBLY BUY
EUR/CAD: SELL AT 1.4595 FOR 1.4292; STOP AT 1.4735
GBP/JPY: LONG AT 183.20 FOR 188.31; STOP AT 184.41
NZD/USD: LONG AT .6745 FOR .6937; STOP AT .6680
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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%.