Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LOOK TO SELL 1.2560/70
USD/JPY: LONG AT 117.70 FOR 119.84 OBJECTIVE, STOP AT 117.03
GBP/USD: BUY AT 1.5740 FOR 1.5886; STOP AT 1.5645
USD/CHF: BUY AT .9575 FOR .9741; STOP AT .9525
AUD/USD: SHORT AT .8566 FOR .8315, STOP AT .8624
USD/CAD: BUY AT 1.1200 FOR 1.1403 STOP AT 1.1145
Crosses
EUR/JPY: LONG AT 147.00 FOR 148.43; STOP AT 146.28
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: SHORT AT 1.4025 FOR 1.3790 STOP AT 1.4125
GBP/JPY: LONG AT 185.50 FOR 188.50; STOP AT 184.45
NZD/USD: SHORT AT .7840 STOPPED AT .7915
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Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD clings to gains just above 1.2500 on US PCE
GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.
Gold keeps its daily gains near $2,350 following US inflation
Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
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