Majors
EUR/USD: SELL AT 1.2895 FOR 1.2744 OBJECTIVE, STOP 1.2938
USD/JPY: BUY AT 100.89 FOR 102.45 OBJECTIVE, STOP 100.43
GBP/USD: SELL AT 1.5000 FOR A 1.4803 OBJECTIVE; STOP AT 1.5060
USD/CHF: LOOK TO BUY .9575/80
AUD/USD: SELL AT .9110 FOR .8910; STOP AT .9195
USD/CAD: LONG AT 1.0570 FOR 1.0745; STOP AT 1.0505
Crosses
EUR/JPY: SELL AT 130.28 FOR 128.60 OBJECTIVE, STOP 131.12
EUR/GBP: LONG AT .8575 FOR A .8703 OBJECTIVE; STOP AT .8530
EUR/CHF: REVISE BUY AT 1.2350 FOR REVISED 1.2487; REVISE STOP AT 1.2273
EUR/CAD: SHORT AT 1.3600 FOR 1.3435; STOP AT 1.3660
GBP/JPY: POSSIBLY BUY
NZD/USD: SELL AT .7760 FOR A .7660 OBJECTIVE; STOP AT .7810
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Recommended Content
Editors’ Picks
EUR/USD stays near 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.
GBP/USD stays in daily range above 1.2600
GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.
Gold pulls away from daily highs, holds above $2,200
Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.
XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC
XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase.
Portfolio rebalancing and reflation trades emerge into Q2
Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.