Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3735 FOR 1.3565 STOP AT 1.3780
USD/JPY: SHORT AT 101.45 FOR 100.81 OBJECTIVE, STOP 101.81
GBP/USD: BUY AT 1.7084 FOR 1.7331 STOP AT 1.7004
USD/CHF: POSS SELL .8880/85
AUD/USD: LONG AT .9395 FOR .9570; REVISED STOP AT .9344
USD/CAD: SELL AT 1.0747 FOR 1.0589 STOP AT 1.0817
Crosses
EUR/JPY: SHORT AT 138.65 FOR 137.38 OBJECTIVE, STOP 139.02
EUR/GBP: SHORT AT .8015 FOR .7887; STOP AT .8065
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; REVISED STOP AT 1.2179
EUR/CAD: SHORT AT 1.4750 FOR 1.4410 OBJ, REVISED STOP 1.4650
GBP/JPY: REVISED BUY AT 173.25 FOR 175.60; STOP AT 172.35
NZD/USD: LONG AT .8705 FOR .8842; STOP AT .8720
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Editors’ Picks
EUR/USD fluctuates near 1.0700 after US data
EUR/USD stays in a consolidation phase at around 1.0700 in the American session on Wednesday. The data from the US showed a strong increase in Durable Goods Orders, supporting the USD and making it difficult for the pair to gain traction.
USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Worldcoin looks set for comeback despite Nvidia’s 22% crash Premium
Worldcoin price is in a better position than last week's and shows signs of a potential comeback. This development occurs amid the sharp decline in the valuation of the popular GPU manufacturer Nvidia.
Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration.