Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2940 FOR REVISED 1.2661; REVISED STOP AT 1.2821
USD/JPY: LONG AT 108.60 FOR 110.67, REVISED STOP AT 108.22
GBP/USD: SHORT AT 1.6300 FOR 1.6052; REVISED STOP AT 1.6380
USD/CHF: LONG AT .9355 FOR REVISED .9569, REVISED STOP .9430
AUD/USD: LOOK TO SELL
USD/CAD: LONG AT 1.1086 FOR 1.1279; STOP AT 1.1036
Crosses
EUR/JPY: SHORT AT 138.74 FOR 137.74 OBJECTIVE, STOP 139.29
EUR/GBP: SHORT AT .7850 FOR .7756; STOP AT .7900
EUR/CHF: POSSIBLY SELL
EUR/CAD: SHORT AT 1.4175 FOR 1.4015 OBJ, STOP 1.4250
GBP/JPY: LONG AT 177.80 FOR 182.00; STOP AT 175.95
NZD/USD: SELL AT .8035 FOR .7841; STOP AT .8100
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AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP
AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release.
USD/JPY finds its highest bids since 1990, near 155.50
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price treads water near $2,320, awaits US GDP data
Gold price recovers losses but keeps its range near $2,320 early Thursday. Renewed weakness in the US Dollar and the US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold price stays vulnerable amid Middle East de-escalation, awaiting US Q1 GDP data.
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