Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2700 FOR 1.2501; REVISED STOP AT 1.2710
USD/JPY: SELL AT 107.37 FOR 106.14 OBJECTIVE, STOP 108.03
GBP/USD: SELL AT 1.6072 FOR 1.5940 OBJECTIVE, STOP 1.6132
USD/CHF: BUY AT .9518 FOR .9625 OBJECTIVE, STOP .9471
AUD/USD: POSSIBLY SELL
USD/CAD: BUY AT 1.1160 FOR 1.1418 STOP AT 1.1081
Crosses
EUR/JPY: POSS BUY LOWER
EUR/GBP: SHORT AT .7920 FOR INITIAL .7851 OBJECTIVE; STOP AT .7950
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: SHORT AT 1.4225 FOR 1.3855 STOP AT 1.4305
GBP/JPY: POSSIBLY BUY
NZD/USD: LONG STOPPED, LOOK TO SELL
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Editors’ Picks
EUR/USD consolidates weekly gains above 1.1150
EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains
GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains.
Gold extends rally to new record-high above $2,610
Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.
Pepe price forecast: Eyes for 30% rally
Pepe’s price broke and closed above the descending trendline on Thursday, eyeing for a rally. On-chain data hints at a bullish move as PEPE’s dormant wallets are active, and the long-to-short ratio is above one.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
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