Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Luc Luyet's daily technical outlook.
Majors
EUR/USD: SHORT AT 1.1269 FOR 1.1017, STOP 1.1333
USD/JPY: LONG AT 120.20 FOR 123.13, STOP AT 119.66
GBP/USD: BUY AT 1.5250 FOR 1.5449; STOP AT 1.5175
USD/CHF: LONG AT .9695 FOR .9903, STOP .9639
AUD/USD: POSSIBLY BUY
USD/CAD: SHORT AT 1.3030 FOR 1.2862; STOP AT 1.3110
Crosses
EUR/JPY: SHORT AT 134.93 FOR 133.16, STOP 135.75
EUR/GBP: LONG AT .7375 FOR REVISED .7501 OBJECTIVE; STOP AT .7300
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0865
EUR/CAD: SHORT AT 1.4735 FOR 1.4387; STOP AT 1.4825
GBP/JPY: BUY AT 183.10 FOR 185.93; STOP AT 181.79
NZD/USD: LONG AT .6480 FOR .6709; STOP AT .6530
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Editors’ Picks
EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold rebounds to $2,320 as US yields turn south
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.