Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.2723 FOR 1.2605 INITIAL OBJECTIVE, STOP 1.2758
USD/JPY: LONG AT 107.30 FOR REVISED 109.25; STOP RAISED AT 107.35
GBP/USD: SHORT AT 1.6072 FOR 1.5940 OBJECTIVE, STOP AT 1.6135
USD/CHF:LONG AT .9518 FOR .9625 OBJECTIVE, STOP .9471
AUD/USD: POSSIBLY SELL HIGHER
USD/CAD: LONG AT 1.1205 FOR 1.1418 STOP AT 1.1145
Crosses
EUR/JPY: LONG AT 136.80 FOR 138.20; REVISED STOP AT 136.48
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: LONG AT 173.50 FOR 175.15; STOP AT 172.90
NZD/USD: SHORT AT .7880 FOR .7670; STOP AT .7950
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 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.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.