Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.2756 FOR 1.2958 OBJECTIVE, STOP 1.2703
USD/JPY: LOOK TO SELL
GBP/USD: BUY AT 1.6133 FOR 1.6287; STOP AT 1.6063
USD/CHF: SHORT AT .9440 FOR .9332 OBJECTIVE, STOP .9493
AUD/USD: POSSIBLY SELL
USD/CAD: POSS BUY
Crosses
EUR/JPY: LOOK TO BUY 136.07/135.71 ZONE
EUR/GBP: LONG AT .7880 FOR REVISED .8066; STOP AT .7880
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: LONG AT 1.4370 FOR 1.4645 STOP AT 1.4225
GBP/JPY: LONG AT 170.60 FOR 173.45, STOP AT 171.15
NZD/USD: LONG AT .7920 FOR REVISED .8108 OBJ; REVISE STOP AT .7910
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Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
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.