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 eases below 1.0850 on renewed USD strength
EUR/USD stays under pressure and trades in the red below 1.0850 in the European session. Although the ZEW survey for Germany and the Eurozone showed a noticeable improvement in economic sentiment, broad USD strength doesn't allow the pair to gain traction.
GBP/USD drops below 1.2700 on notable US Dollar demand
GBP/USD is extending the downside below 1.2700 in the European trading hours on Tuesday. The ongoing bullish momentum in the US Dollar, despite sluggish US Treasury bond yields, undermines the pair. Mid-tier US housing data are coming up next.
Gold price struggles to lure buyers, holds steady above one-week low ahead of FOMC meeting
Gold price ticks lower amid reduced Fed rate cut bets, elevated US bond yields and stronger USD. Geopolitical tensions could lend some support to the safe-haven XAU/USD and help limit losses.
Why is the crypto market crashing?
The two most important contribution to the ongoing bull market is the meteoric rise in Bitcoin due to the ETF approval and the sudden interest spike in Solana ecosystem. But the recent move suggests that the upward momentum is dissipating and a correction looms.
Shocker, Yen weakens after BoJ hike
The Bank of Japan (BoJ) scrapped its negative rate policy, raised the rates from -0.10% to 0%, ditched its YCC policy and ended the purchases of ETF and Japanese real estate investment trusts.