Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.2472 FOR REVISED 1.2321; STOP AT 1.2511
USD/JPY: LONG AT 115.13 FOR REVISED 116.45 OBJECTIVE, STOP 114.61
GBP/USD: SELL AT 1.5765 FOR 1.5522; STOP AT 1.5840
USD/CHF: LONG AT .9555 FOR .9839, STOP AT .9616
AUD/USD: SHORT AT .8725 FOR .8540; STOP AT .8775
USD/CAD: LONG AT 1.1300 FOR 1.1403; REVISED STOP AT 1.1295
Crosses
EUR/JPY: BUY AT 143.75 FOR 145.68; STOP AT 142.98
EUR/GBP: SELL HIGHER
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2075
EUR/CAD: SELL AT 1.4215 FOR 1.4010 OBJ, STOP 1.4305
GBP/JPY: BUY LOWER
NZD/USD: LONG AT .7845 FOR .7997; STOP AT .7790
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Editors’ Picks
AUD/USD risks a deeper drop in the short term
AUD/USD rapidly left behind Wednesday’s decent advance and resumed its downward trend on the back of the intense buying pressure in the greenback, while mixed results from the domestic labour market report failed to lend support to AUD.
EUR/USD leaves the door open to a decline to 1.0600
A decent comeback in the Greenback lured sellers back into the market, motivating EUR/USD to give away the earlier advance to weekly tops around 1.0690 and shift its attention to a potential revisit of the 1.0600 neighbourhood instead.
Gold is closely monitoring geopolitics
Gold trades in positive territory above $2,380 on Thursday. Although the benchmark 10-year US Treasury bond yield holds steady following upbeat US data, XAU/USD continues to stretch higher on growing fears over a deepening conflict in the Middle East.
Bitcoin price shows strength as IMF attests to spread and intensity of BTC transactions ahead of halving
Bitcoin (BTC) price is borderline strong and weak with the brunt of the weakness being felt by altcoins. Regarding strength, it continues to close above the $60,000 threshold for seven weeks in a row.
Is the Biden administration trying to destroy the Dollar?
Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia.