Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.2260 FOR 1.2134; STOP AT 1.2360
USD/JPY: BUY AT 118.05 FOR 121.00; 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: LONG AT 146.35 FOR 147.89; STOP AT 145.59
EUR/GBP: SELL AT .7885 FOR .7756; STOP AT .7930
EUR/CHF: POSSIBLY BUY
EUR/CAD: SELL AT 1.4370 FOR 1.4010 OBJ, STOP 1.4480
GBP/JPY: LONG AT 186.70 FOR 189.70; STOP AT 185.35
NZD/USD: SHORT AT .7750 FOR REVISED .7503; STOP AT .7815
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 failed just ahead of the 200-day SMA
Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.
EUR/USD met some decent resistance above 1.0700
EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.
Gold keeps consolidating ahead of US first-tier figures
Gold finds it difficult to stage a rebound midweek following Monday's sharp decline but manages to hold above $2,300. The benchmark 10-year US Treasury bond yield stays in the green above 4.6% after US data, not allowing the pair to turn north.
Bitcoin price could be primed for correction as bearish activity grows near $66K area
Bitcoin (BTC) price managed to maintain a northbound trajectory after the April 20 halving, despite bold assertions by analysts that the event would be a “sell the news” situation. However, after four days of strength, the tables could be turning as a dark cloud now hovers above BTC price.
Bank of Japan's predicament: The BOJ is trapped
In this special edition of TradeGATEHub Live Trading, we're joined by guest speaker Tavi @TaviCosta, who shares his insights on the Bank of Japan's current predicament, stating, 'The BOJ is Trapped.'