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 1.0720 FOR 1.0458, STOP LOWERED TO 1.0691
USD/JPY: LONG AT 123.00 FOR 124.63, STOP AT 122.19
GBP/USD: SHORT AT 1.5170 FOR REVISED 1.4857; REVISE STOP AT 1.5000
USD/CHF: POSS BUY 1.0144/50
AUD/USD: LONG AT .7125 FOR .7382; STOP AT .7240
USD/CAD: LONG AT 1.3150 FOR REVISED 1.3557, STOP RAISED TO 1.3270
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 131.11
EUR/GBP: LOOK TO SELL INTO RALLY
EUR/CHF: LONG AT 1.0830 STOPPED AT 1.0805
EUR/CAD: SELL AT 1.4233 FOR 1.3993; STOP AT 1.4303
GBP/JPY: POSSIBLY SELL
NZD/USD: LONG AT .6640 FOR .6792; STOP AT .6570
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.