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: SELL AT 1.0825 FOR 1.0571, STOP 1.0903
USD/JPY: BUY AT 122.75 FOR 124.16, STOP 121.95
GBP/USD: SELL AT 1.5080 FOR 1.4857; STOP AT 1.5155
USD/CHF: LONG AT .9820 FOR 1.0240 NEXT; REVISED STOP AT .9833
AUD/USD: SELL AT .7065 FOR .6896, STOP AT .7136
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, REVISED STOP 1.3080
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 133.45
EUR/GBP: SHORT AT .7220 FOR .7026; STOP AT .7205
EUR/CHF: SHORT AT 1.0825 FOR 1.0690; STOP AT 1.0845
EUR/CAD: SHORT AT 1.4355 FOR 1.4153; STOP AT 1.4455
GBP/JPY: BUY AT 184.25 FOR 190.00; STOP AT 183.65
NZD/USD: POSSIBLY SELL
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Editors’ Picks
EUR/USD regains traction, recovers above 1.0700
EUR/USD regained its traction and turned positive on the day above 1.0700 in the American session. The US Dollar struggles to preserve its strength after the data from the US showed that the economy grew at a softer pace than expected in Q1.
GBP/USD returns to 1.2500 area in volatile session
GBP/USD reversed its direction and recovered to 1.2500 after falling to the 1.2450 area earlier in the day. Although markets remain risk-averse, the US Dollar struggles to find demand following the disappointing GDP data.
Gold holds around $2,330 after dismal US data
Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.
XRP extends its decline, crypto experts comment on Ripple stablecoin and benefits for XRP Ledger
Ripple extends decline to $0.52 on Thursday, wipes out weekly gains. Crypto expert asks Ripple CTO how the stablecoin will benefit the XRP Ledger and native token XRP.
After the US close, it’s the Tokyo CPI
After the US close, it’s the Tokyo CPI, a reliable indicator of the national number and then the BoJ policy announcement. Tokyo CPI ex food and energy in Japan was a rise to 2.90% in March from 2.50%.