Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.2589 FOR 1.2396 OBJECTIVE, STOP 1.2656
USD/JPY: BUY AT 113.85 FOR 115.00 OBJECTIVE, STOP 113.11
GBP/USD: SELL AT 1.6030 FOR 1.5875; STOP AT 1.6095
USD/CHF: LONG AT .9555 FOR REVISED .9790, RAISE STOP TO .9542
AUD/USD: SHORT AT .8735 FOR .8544, STOP AT .8810
USD/CAD: LONG AT 1.1195 FOR REVISED 1.1500 OBJ, REVISE STOP TO 1.1325
Crosses
EUR/JPY: LONG AT 142.10 FOR 143.79 OBJECTIVE, REVISED STOP 142.29
EUR/GBP: SHORT AT .7920 FOR REVISED .7756; STOP AT .7930
EUR/CHF: SHORT AT 1.2080 FOR 1.2021; STOP AT 1.2099
EUR/CAD: POSSIBLY BUY
GBP/JPY: ADJUSTED BUY TO 181.95 FOR 184.00; STOP AT 181.05
NZD/USD: SHORT AT .7760 STOPPED AT .7800
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EUR/USD is holding onto its recovery mode near 1.0650 in European trading on Friday. A recovery in risk sentiment is helping the pair, as the safe-haven US Dollar pares gains. Earlier today, reports of an Israeli strike inside Iran spooked markets.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD is rebounding toward 1.2450 in early Europe on Friday, having tested 1.2400 after the UK Retail Sales volumes stagnated again in March, The pair recovers in tandem with risk sentiment, as traders take account of the likely Israel's missile strikes on Iran.
Gold price defends gains below $2,400 as geopolitical risks linger
Gold price is trading below $2,400 in European trading on Friday, holding its retreat from a fresh five-day high of $2,418. Despite the pullback, Gold price remains on track to book the fifth weekly gain in a row, supported by lingering Middle East geopolitical risks.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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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.