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 LOWERED TO 1.0766
USD/JPY: LONG AT 123.00 FOR 124.63, STOP AT 122.19
GBP/USD: SHORT AT 1.5170 FOR REVISED 1.4960; STOP AT 1.5170
USD/CHF: LONG AT .9820 FOR 1.0310; STOP AT 1.0089
AUD/USD: LONG AT .7125 FOR .7382; STOP AT .7149
USD/CAD: LONG AT 1.3150 FOR REVISED 1.3557, STOP RAISED TO 1.3240
Crosses
EUR/JPY: SHORT AT 133.35 FOR 129.62; REVISE STOP AT 131.11
EUR/GBP: SELL AT .7065 FOR .6936; STOP AT .7115
EUR/CHF: LONG AT 1.0830 FOR 1.0950; STOP AT 1.0785
EUR/CAD: SHORT AT 1.4285 FOR 1.3993 OBJ, REVISED STOP 1.4215
GBP/JPY: BUY AT 185.15 FOR 188.81; STOP AT 184.15
NZD/USD: LONG AT .6520 FOR REVISED .6643 OBJ; REVISE STOP AT .6540
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
EUR/USD nears 1.0800 on broad US Dollar weakness
Optimism continues to undermine demand for the American currency ahead of the weekly close. EUR/USD hovers around weekly highs just ahead of the 1.0900 figure.
GBP/USD reconquers 1.2500 with upbeat UK GDP
Following BOE-inspired slump on Thursday, the British Pound changed course and trades around 1.2530. Better-than-anticipated UK GDP and a weaker USD behind the advance.
Gold resumes advance and trades above $2,370
XAU/USD accelerated its recovery on Friday, as investors drop the USD. Dismal US employment-related figures revived hopes for a soon-to-come rate cut from the Fed.
XRP tests support at $0.50 as Ripple joins alliance to work on blockchain recovery
XRP trades around $0.5174 early on Friday, wiping out gains from earlier in the week, as Ripple announced it has joined an alliance to support digital asset recovery alongside Hedera and the Algorand Foundation.
Euro area annual inflation is expected to be 2.4% in April 2024
Euro area annual inflation is expected to be 2.4% in April 2024, stable compared to March. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April.