Majors
EUR/USD: LONG AT 1.3820 FOR REVISED 1.3906; STOP AT 1.3778
USD/JPY: LONG AT 102.20 FOR 103.05; STOP AT 102.05
GBP/USD: LONG AT 1.6700 FOR REVISED 1.6917; STOP AT 1.6740
USD/CHF: POSS BUY
AUD/USD: LONG AT .9350 FOR .9523; STOP AT .9290
USD/CAD: LONG AT 1.0970 FOR 1.1078; REVISED STOP AT 1.0940
Crosses
EUR/JPY: LONG AT 141.40 FOR 142.85 OBJECTIVE, STOP 140.89
EUR/GBP: SELL AT .8245 FOR .8157; STOP AT .8290
EUR/CHF: SHORT AT 1.2170 FOR 1.2102; STOP AT 1.2210
EUR/CAD: LONG AT 1.5205 FOR 1.5445; STOP AT 1.5095
GBP/JPY: LONG AT 169.90 FOR 173.15; STOP AT 171.40
NZD/USD: LOOK TO BUY WHILE SUPPORT AT .8515 HOLDS
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 trades weak below 1.0800 amid Good Friday lull, ahead of US PCE
EUR/USD remains depressed below 1.0800, as traders lack directional impetus amid minimal volatility and thin liquidity on Good Friday. The pair keenly awaits the US PCE inflation data and Fed Chair Powell's speech for fresh hints on next week's price action.
GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday
GBP/USD trades sideways above 1.2600 amid a typical Good Friday trading lull. A broadly firmer US Dollar could keep any upside attempts limited in the pair ahead of the US PCE inflation data and Fed Chair Powell's appearance.
Gold reaches to all-time highs near $2,230, US PCE eyed
Gold price appreciates to all-time highs near $2,230 per troy ounce, attempting to continue its winning streak for the fifth successive session on Friday. However, trading volumes are light as market participants are likely observing Good Friday.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.