Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3450 FOR 1.3318, STOP AT 1.3501
USD/JPY: LONG AT 101.80 FOR 102.38; STOP AT 101.54
GBP/USD: SHORT AT 1.6990 FOR 1.6845 OBJECTIVE, STOP 1.7056
USD/CHF: LONG AT .8909 FOR REVISED .9082; REVISED STOP AT .8969
AUD/USD: LONG AT .9425 FOR .9544; STOP AT .9380
USD/CAD: BUY AT 1.0780 FOR 1.0922 OBJ, STOP 1.0725
Crosses
EUR/JPY: SELL AT 137.05 FOR 136.02 OBJECTIVE, STOP 137.55
EUR/GBP: SELL AT .7965 FOR .7756; STOP AT .8020
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2166
EUR/CAD: SHORT AT 1.4515 FOR 1.4370 STOP AT 1.4580
GBP/JPY: BUY AT 172.85 FOR 174.55; STOP AT 172.05
NZD/USD: REVISE SELL AT .8600 FOR .8479; REVISE STOP AT .8655
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Editors’ Picks
EUR/USD holds below 1.0750 ahead of key US data
EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
GBP/USD consolidates above 1.2500, eyes on US PCE data
GBP/USD fluctuates at around 1.2500 in the European session on Friday following the three-day rebound. The PCE inflation data for March will be watched closely by market participants later in the day.
Gold clings to modest daily gains at around $2,350
Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.