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: LONG AT 1.1320 FOR 1.1561; STOP AT 1.1230
USD/JPY: LONG AT 120.10 FOR INITIAL 121.33; STOP AT 119.55
GBP/USD: BUY AT 1.5275 FOR 1.5449; STOP AT 1.5210
USD/CHF: SELL AT .9660 FOR .9482; STOP AT .9741
AUD/USD: BUY AT .7218 FOR .7497, STOP AT .7140
USD/CAD: SHORT AT 1.3030 FOR 1.2862; REVISED STOP AT 1.3081
Crosses
EUR/JPY: BUY AT 136.05 FOR 137.61, STOP AT 135.03
EUR/GBP: LONG AT .7375 FOR REVISED .7501 OBJECTIVE; STOP AT .7300
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0865
EUR/CAD: SHORT AT 1.4735 FOR 1.4387; REVISE STOP AT 1.4765
GBP/JPY: LONG AT 183.10 FOR 187.37; STOP AT 182.95
NZD/USD: LONG AT .6480 FOR REVISED .6815; STOP AT .6530
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Editors’ Picks
AUD/USD recovers above 0.6750 after Australian jobs data
AUD/USD picks up a late bid and recovers above 0.6750 in Asian trading on Thursday, following the release of mixed Australian employment data. The extended post-Fed US Dollar recovery, amid a cautious market mood, could limit the pair's upside ahead of US data.
USD.JPY jumps toward 144.00 on the road to recovery
USD/JPY gains traction and approaches 144.00 in Thursday's Asian session. The uptick of the pair is bolstered by the impressive US Dollar recovery. Investors shift their attention to the US data and the Bank of Japan interest rate decision on Friday.
Gold price remains on the defensive amid the post-FOMC USD recovery from YTD low
Gold price struggles to lure buyers despite the Fed’s jumbo interest rate cut on Wednesday. A further recovery in the US bond yields underpins the USD and caps the non-yielding metal. Concerns about an economic slowdown, along with geopolitical risks, help limit the downside.
Ethereum attempts recovery following first rate cut in four years
Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.
Australian Unemployment Rate expected to hold steady at 4.2% in August
The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.
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