Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667
USD/JPY: SHORT AT 101.83 FOR 100.76; REVISE STOP AT 101.90
GBP/USD: LONG AT 1.7120 FOR 1.7230; STOP AT 1.7080
USD/CHF: LONG AT .8909 FOR .9036; STOP AT .8855
AUD/USD: POSSIBLY LOOKING TO BUY
USD/CAD: BUY AT 1.0682 FOR 1.0816 STOP AT 1.0618
Crosses
EUR/JPY: SHORT AT 137.97 FOR 136.78 OBJECTIVE, STOP 138.59
EUR/GBP: SHORT AT .8015 FOR .7887; STOP AT .7985
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SELL AT 1.4670 FOR 1.4410 OBJ, STOP 1.4770
GBP/JPY: LOOK TO BUY
NZD/USD: LONG AT .8795 FOR .8860; STOP AT .8763
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AUD/USD consolidates gains above 0.6500 after Australian PPI data
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The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.