Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3450 FOR 1.3318, STOP LOWERED TO 1.3453
USD/JPY: LONG AT 101.80 FOR 102.38; STOP AT 101.54
GBP/USD: SHORT AT 1.6990 FOR 1.6845 OBJECTIVE, REVISE STOP AT 1.7005
USD/CHF: LONG AT .8909 FOR REVISED .9134; REVISED STOP AT .9006
AUD/USD: POSSIBLY BUY LOWER
USD/CAD: BUY AT 1.0780 FOR 1.0922 OBJ, STOP 1.0725
Crosses
EUR/JPY: SHORT AT 137.05 FOR 136.02 OBJECTIVE, STOP 137.55
EUR/GBP: SELL AT .7940 FOR .7756; STOP AT .7990
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: LONG AT 173.00 FOR 174.55; STOP AT 172.30
NZD/USD: REVISE SELL AT .8525 FOR .8401; REVISE STOP AT .8590
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Recommended Content
Editors’ Picks
EUR/USD retreats below 1.0700 after US GDP data
EUR/USD came under modest bearish pressure and retreated below 1.0700. Although the US data showed that the economy grew at a softer pace than expected in Q1, strong inflation-related details provided a boost to the USD.
GBP/USD declines below 1.2500 as USD rebounds
GBP/USD declined below 1.2500 and erased the majority of its daily gains with the immediate reaction to the US GDP report. The US economy expanded at a softer pace than expected in Q1 but the price deflator jumped to 3.4% from 1.8%.
Gold drops below $2,320 as US yields shoot higher
Gold lost its traction and turned negative on the day below $2,320 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day above 4.7% after US GDP report, weighing on XAU/USD.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.