Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3119 FOR 1.2998 OBJECTIVE, STOP 1.3202
USD/JPY: SELL AT 92.85 FOR 90.75 OBJECTIVE, STOP 93.70
GBP/USD: SELL AT 1.5230 FOR A 1.5051 OBJECTIVE, STOP AT 1.5280
USD/CHF: SELL AT .9349 FOR .9223 OBJECTIVE, STOP .9405
AUD/USD: REVISE SELL AT 1.0310 FOR 1.0203 OBJECTIVE, STOP 1.0385
USD/CAD: SHORT FROM 1.0225 STOPPED AT 1.0275
Crosses
EUR/JPY: SELL AT 121.85 FOR 118.74 OBJECTIVE, STOP 122.91
EUR/GBP: POSSIBLY SELL
EUR/CHF: POSSIBLY SELL
EUR/CAD: SELL AT 1.3530 FOR 1.3330 OBJ, STOP 1.3630
GBP/JPY: POSSIBLY LOOKING TO SELL
NZD/USD: POSSIBLY BUY
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Editors’ Picks
GBP/USD bulls retain control near 1.3300 mark, highest since March 2022
The GBP/USD pair trades with a positive bias for the third straight day on Friday and hovers around the 1.3300 mark during the Asian session, just below its highest level since March 2022 touched the previous day.
USD/JPY pops and drops on BoJ's expected hold
USD/JPY reverses a knee-jerk spike to 142.80 and returns to the red below 142.50 after the Bank of Japan announced on Friday that it maintained the short-term rate target in the range of 0.15%-0.25%, as widely expected. Governor Ueda's press conference is next in focus.
Gold consolidates weekly gains, with sight on $2,600 and beyond
Gold price is looking to build on the previous day’s rebound early Friday, consolidating weekly gains amid the overnight weakness in the US Dollar alongside the US Treasury bond yields. Traders now await the speeches from US Federal Reserve monetary policymakers for fresh hints on the central bank’s path forward on interest rates.
Shiba Inu is poised for a rally as price action and on-chain metrics signal bullish momentum
Shiba Inu remains strong on Friday after breaking above a symmetrical triangle pattern on Thursday. This breakout signals bullish momentum, further bolstered by a rise in daily new transactions that suggests a potential rally in the coming days.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
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