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 REVISED 1.0785, STOP LOWERED TO 1.1075
USD/JPY: LONG AT 120.35 FOR REVISED 123.01; REVISED STOP TO 120.50
GBP/USD: SELL AT 1.5227 FOR 1.5089; STOP AT 1.5284
USD/CHF: LONG AT .9820 FOR 1.0069 NEXT; REVISED STOP AT .9799
AUD/USD: POSSIBLY SELL
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, REVISED STOP 1.3080
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 133.45
EUR/GBP: SHORT AT .7220 FOR .7026; STOP AT .7205
EUR/CHF: SHORT AT 1.0825 FOR 1.0690; STOP AT 1.0875
EUR/CAD: SELL AT 1.4355 FOR 1.4153; STOP AT 1.4455
GBP/JPY: POSSIBLY BUY
NZD/USD: SELL AT .6650 FOR.6457; STOP AT .6735
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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.