Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP REVISED AT 1.3630
USD/JPY: SHORT AT 101.83 FOR 100.76; STOP AT 101.90
GBP/USD: BUY AT 1.7115 FOR 1.7230; STOP AT 1.7055
USD/CHF: LONG AT .8909 FOR REVISED .9064; REVISED STOP AT .8895
AUD/USD: POSSIBLY BUY LOWER
USD/CAD: SELL AT 1.0785 FOR 1.0620 STOP AT 1.0835
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: LONG AT 173.60 FOR 175.35; STOP AT 172.90
NZD/USD: SELL AT .8790 FOR .8642; STOP AT .8850
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EUR/USD holds gains near 1.0650 amid risk reset
EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Geopolitics once again take centre stage, as UK Retail Sales wither
Nearly a week to the day when Iran sent drones and missiles into Israel, Israel has retaliated and sent a missile into Iran. The initial reports caused a large uptick in the oil price.