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 1.0720 FOR 1.0458, STOP 1.0835
USD/JPY: LONG AT 123.35 FOR 124.63, STOP 122.79
GBP/USD: SHORT AT 1.5256 FOR 1.4960; STOP AT 1.5330
USD/CHF: LONG AT .9820 FOR 1.0310; STOP AT 1.0039
AUD/USD: LONG AT .7125 FOR .7297; STOP AT .7055
USD/CAD: LONG AT 1.3150 FOR 1.3457 OBJ, REVISED STOP 1.3220
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 132.83
EUR/GBP: SHORT AT .7220 FOR REVISED .6936 OBJ; REVISED STOP AT .7045
EUR/CHF: BUY AT 1.0830 FOR 1.0950; STOP AT 1.0789
EUR/CAD: SHORT AT 1.4285 FOR 1.3993 OBJ, REVISED STOP 1.4285
GBP/JPY: LONG AT 186.45 FOR 190.00; STOP RAISED TO 186.77
NZD/USD: POSS 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 climbs above $2,340 following earlier drop
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%.