Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.2370 FOR 1.2602 STOP AT 1.2280
USD/JPY: SELL AT 119.64 FOR INITIAL 117.24 OBJECTIVE, STOP 120.25
GBP/USD: LONG AT 1.5680 FOR 1.5826; STOP AT 1.5620
USD/CHF: SELL AT .9718 FOR .9564 OBJECTIVE, STOP .9779
AUD/USD: SHORT AT .8566 FOR REVISED .8083, REVISE STOP AT .8381
USD/CAD: LONG AT 1.1435 FOR 1.1680; STOP AT 1.1379
Crosses
EUR/JPY: LONG AT 147.30 FOR 149.39; STOP AT 146.28
EUR/GBP: SELL AT .7919 FOR .7767 STOP AT .7989
EUR/CHF: SELL AT 1.2032 FOR 1.1990; REVISE STOP AT 1.2050
EUR/CAD: BUY AT 1.4210 FOR 1.4500; STOP AT 1.4135
GBP/JPY: LONG AT 185.80 FOR 189.90 REVISED STOP AT 185.85
NZD/USD: SELL INTO RALLY
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
AUD/USD hovers around 0.6500 amid light trading, ahead of US GDP
AUD/USD is trading close to 0.6500 in Asian trading on Thursday, lacking a clear directional impetus amid an Anzac Day holiday in Australia. Meanwhile, traders stay cautious due ti risk-aversion and ahead of the key US Q1 GDP release.
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
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Meta Platforms Earnings: META sinks 10% on lower Q2 revenue guidance Premium
This must be "opposites" week. While Doppelganger Tesla rode horrible misses on Tuesday to a double-digit rally, Meta Platforms produced impressive beats above Wall Street consensus after the close on Wednesday, only to watch the share price collapse by nearly 10%.