Danske Research Team
Danske Bank A/S
Majors
EUR/USD: REVISE SELL AT 1.3740 FOR 1.3585; REVISE STOP AT 1.3780
USD/JPY: LONG AT 101.70 FOR REVISED 103.02; STOP AT 101.99
GBP/USD: LONG AT 1.6851 FOR 1.7044; STOP AT 1.6781
USD/CHF: POSS BUY
AUD/USD: LONG AT .9322 FOR .9461; STOP AT .9302
USD/CAD: BUY AT 1.0858 FOR 1.0961 STOP AT 1.0808
Crosses
EUR/JPY: SHORT AT 140.40 FOR 138.17; STOP AT 141.05
EUR/GBP: SHORT AT .8227 FOR .8105; STOP AT .8210
EUR/CHF: LONG AT 1.2199 FOR 1.2260; STOP AT 1.2179
EUR/CAD: LONG AT 1.4995 FOR 1.5260; STOP AT 1.4895
GBP/JPY: LONG AT 172.20 FOR 173.65, STOP AT 171.60
NZD/USD: LONG AT .8640 FOR AN INITIAL .8779 OBJECTIVE; STOP AT .8570
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GBP/USD posts small gains above 1.2700, awaits fresh catalysts
GBP/USD holds small gains above 1.2700 in European trading on Tuesday. Investors await fresh catalysts, with several Federal Reserve speakers and BoE Governor Andrew set to speak. Tuesday's Fedspeak weighed on rate cut expectations and fuelled a fresh US Dollar advance.
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