Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3856 FOR 1.3796 OBJECTIVE, REVISED STOP 1.3822
USD/JPY: RAISE BUY AT 102.10 FOR INITIAL 102.80 OBJECTIVE, STOP101.79
GBP/USD: LONG AT 1.6700 FOR 1.6879; STOP AT 1.6615
USD/CHF: POSS SELL .8840/45, AWAIT SIGNAL
AUD/USD: LONG AT .9350 FOR .9523; STOP AT .9290
USD/CAD: BUY AT 1.0970 FOR 1.1078; STOP AT 1.0917
Crosses
EUR/JPY: RAISE BUY AT 140.94 FOR 141.88 OBJECTIVE, STOP 140.06
EUR/GBP: POSSIBLY BUY
EUR/CHF: SELL AT 1.2170 FOR 1.2102; STOP AT 1.2210
EUR/CAD: POSSIBLY BUY
GBP/JPY: LONG AT 169.90 FOR 172.50; REVISED STOP AT 169.40
NZD/USD: LONG AT .8620 FOR .8785; STOP AT .8565
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 extends gains above 1.0700, focus on key US data
EUR/USD meets fresh demand and rises toward 1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
GBP/USD extends recovery above 1.2500, awaits US GDP data
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP
Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price.
US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4
The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing.