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: SELL AT 1.1008 FOR INITIAL 1.0646, STOP 1.1130
USD/JPY: LONG AT 123.00 FOR 124.63, STOP AT 122.19
GBP/USD: SELL AT 1.5040 FOR 1.4895; STOP AT 1.5125
USD/CHF: LONG AT .9980 FOR 1.0266, STOP .9869
AUD/USD: LONG AT .7225 FOR .7450; STOP AT .7150
USD/CAD: LONG AT 1.3150 FOR REVISED 1.3633, STOP RAISED TO 1.3429
Crosses
EUR/JPY: BUY AT 132.75 FOR 136.39, STOP AT 130.95
EUR/GBP: LONG AT .7180 FOR .7377; STOP AT .7145
EUR/CHF: POSSIBLY BUY
EUR/CAD: POSS BUY
GBP/JPY: POSS SELL
NZD/USD: LONG AT .6640 FOR .6792; STOP AT .6590
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Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.