Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3351 FOR 1.3493 OBJECTIVE, STOP 1.3245
USD/JPY: BUY AT 93.70 FOR 94.99 OBJECTIVE, STOP 92.91
GBP/USD: AWAIT SIGNAL, LOOK TO SELL
USD/CHF: LOOK TO SELL
AUD/USD: LOOK TO SELL RALLIES WHILE UNDER 1.0349/61
USD/CAD: POSSIBLE BUY
Crosses
EUR/JPY: LONG AT 123.80 FOR REVISED 127.71; STOP AT 123.39
EUR/GBP: LOOK TO BUY
EUR/CHF: STAND ASIDE
EUR/CAD: LOOK TO BUY
GBP/JPY: LONG AT 146.20 FOR 149.10, STOP AT 144.85
NZD/USD: SHORT AT .8340 FOR A .8196 OBJECTIVE, STOP AT .8392
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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
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
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.