Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.1320 FOR 1.1000; LOWER STOP TO 1.1301
USD/JPY: LONG AT 118.90 FOR REVISED 120.82; STOP AT 119.05
GBP/USD: LONG AT 1.5365 FOR 1.5621; STOP AT 1.5305
USD/CHF: LONG AT .8755 FOR REVISED .9650; STOP AT .9445
AUD/USD: SELL AT .7828 FOR INITIAL .7698 OBJECTIVE, STOP .7880
USD/CAD: LONG AT 1.2495 FOR 1.2800 STOP AT 1.2380
Crosses
EUR/JPY: SHORT AT 134.18 FOR 132.00 OBJECTIVE, STOP 134.80
EUR/GBP: SHORT AT .7272 FOR .7114; STOP AT .7305
EUR/CHF: BUY AT 1.0665 FOR 1.0811; STOP AT 1.0590
EUR/CAD: SHORT AT 1.4065 FOR 1.3805 OBJ, STOP 1.4155
GBP/JPY: LONG AT 182.00 FOR 187.30; REVISED STOP AT 183.40
NZD/USD: LONG AT .7520 FOR .7619; STOP AT .7470
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Editors’ Picks
AUD/USD risks a deeper drop in the short term
AUD/USD rapidly left behind Wednesday’s decent advance and resumed its downward trend on the back of the intense buying pressure in the greenback, while mixed results from the domestic labour market report failed to lend support to AUD.
EUR/USD leaves the door open to a decline to 1.0600
A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Bitcoin price shows strength as IMF attests to spread and intensity of BTC transactions ahead of halving
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Is the Biden administration trying to destroy the Dollar?
Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia.