Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.2435 FOR 1.2289 OBJECTIVE, STOP 1.2507
USD/JPY: LONG AT 117.70 FOR 119.84 OBJECTIVE, STOP 116.79
GBP/USD: SHORT AT 1.5725 FOR 1.5522; STOP AT 1.5745
USD/CHF: BUY AT .9650 FOR .9818 OBJECTIVE, STOP .9605
AUD/USD: POSS SELL
USD/CAD: LOOK TO BUY LOWER
Crosses
EUR/JPY: SELL AT 146.74 FOR INITIAL 144.32 OBJECTIVE, STOP 148.05
EUR/GBP: SELL AT .7955 FOR .7799; STOP AT .8010
EUR/CHF: SHORT AT 1.2080 FOR REVISED 1.2006; STOP AT 1.2042
EUR/CAD: SELL ON BOUNCE
GBP/JPY: LOOK TO RE-BUY
NZD/USD: LOOK TO SELL
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EUR/USD clings to gains near the 1.0700 level in early Europe on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data.
USD/JPY finds its highest bids since 1990, near 155.50
USD/JPY keeps breaking into its highest chart territory since June of 1990 early Thursday, testing 155.50 for the first time in 34 years as the Japanese Yen remains vulnerable, despite looming Japanese intervention risks. Focus shifts to Thursday's US GDP report and the BoJ decision on Friday.
Gold price lacks firm intraday direction, holds steady above $2,300 ahead of US data
Gold price remains confined in a narrow band for the second straight day on Thursday. Reduced Fed rate cut bets and a positive risk tone cap the upside for the commodity. Traders now await key US macro data before positioning for the near-term trajectory.
Injective price weakness persists despite over 5.9 million INJ tokens burned
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