Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3288 FOR 1.3486 STOP AT 1.3238
USD/JPY: BUY AT 87.45 FOR 89.67, REVISED STOP 86.85
GBP/USD: LOOK TO BUY
USD/CHF: LOOK TO BUY LOWER
AUD/USD: LONG AT 1.0490 FOR 1.0625, REVISED STOP AT 1.0509
USD/CAD: SHORT AT .9884 FOR .9764, REVISE STOP AT .9874
Crosses
EUR/JPY: POSS BUY
EUR/GBP: LONG AT .8269 FOR A .8424 OBJECTIVE, STOP AT .8219
EUR/CHF: LOOK TO BUY
EUR/CAD: LONG AT 1.3135 FOR 1.3335 STOP AT 1.3065
GBP/JPY: LONG AT 142.50 STOPPED AT 141.50, POSS BUY LOWER
NZD/USD: LONG AT .8345 FOR .8527 OBJECTIVE, STOP AT .8360
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Editors’ Picks
EUR/USD declines below 1.0700 as USD recovery continues
EUR/USD lost its traction and declined below 1.0700 after spending the first half of the day in a tight channel. The US Dollar extends its recovery following the strong Unit Labor Costs data and weighs on the pair ahead of Friday's jobs report.
GBP/USD struggles to hold above 1.2500
GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction.
Gold slumps below $2,300 as US yields rebound
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.