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, REVISED STOP 1.1102
USD/JPY: LONG AT 120.35 FOR 122.13; STOP AT 119.59
GBP/USD: SHORT AT 1.5365 FOR 1.5201; REVISE STOP AT 1.5365
USD/CHF: LONG AT .9820 FOR RAISED 1.0069; STOP AT .9749
AUD/USD: SHORT AT .7217 FOR .6937; STOP AT .7217
USD/CAD: BUY AT 1.3150 FOR 1.3457 OBJ, STOP 1.3030
Crosses
EUR/JPY: LOOK TO SELL 132.50/60
EUR/GBP: SHORT AT .7220 FOR .7026; REVISED STOP AT .7253
EUR/CHF: POSS SELL
EUR/CAD: SHORT AT 1.4595 FOR 1.4292; REVISED STOP AT 1.4670
GBP/JPY: LOOK TO BUY
NZD/USD: POSS SELL
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Editors’ Picks
EUR/USD rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD holds above 1.2350 after UK PMIs
GBP/USD clings to modest daily gains above 1.2350 in the European session 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.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (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 heading into the European session.
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.