Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.2295 FOR 1.2477 OBJECTIVE, STOP 1.2243
USD/JPY: REVISE BUY AT 118.05 FOR 121.00; REVISE STOP AT 117.20
GBP/USD: SHORT AT 1.5619 FOR 1.5427; STOP AT 1.5700
USD/CHF: LONG AT .9775 FOR .9972; STOP AT .9690
AUD/USD: SHORT AT .8566 FOR .8066, STOP AT .8245
USD/CAD: LONG AT 1.1435 FOR REVISED 1.1790; REVISE STOP AT 1.1545
Crosses
EUR/JPY: SELL AT 147.40 FOR 144.73; STOP AT 147.95
EUR/GBP: SELL AT .7890 FOR .7756; STOP AT .7955
EUR/CHF: POSSIBLY BUY
EUR/CAD: SELL AT 1.4370 FOR 1.4010 OBJ, STOP 1.4480
GBP/JPY: BUY AT 185.35 FOR 189.70; STOP AT 184.35
NZD/USD: SHORT AT .7750 FOR REVISED .7503; STOP AT .7815
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USD/JPY refreshes 34-year high, attacks 155.00 as intervention risks loom
USD/JPY is renewing a multi-decade high, closing in on 155.00. Traders turn cautious on heightened risks of Japan's FX intervention. Broad US Dollar rebound aids the upside in the major. US Durable Goods data are next on tap.
Gold keeps consolidating ahead of US first-tier figures
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Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium
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