Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3096 FOR 1.2988 OBJECTIVE, STOP 1.3151
USD/JPY: LONG AT 97.70 FOR 99.25; STOP AT 96.95
GBP/USD: BUY AT 1.5470 FOR A 1.5690 OBJECTIVE; STOP AT 1.5400
USD/CHF: BUY AT .9330 FOR .9429; STOP AT .9285
AUD/USD: SHORT AT 1.0365 FOR REVISED 1.0182; STOP AT 1.0325
USD/CAD: SHORT AT 1.0100 FOR .9971 OBJ, REVISED STOP AT 1.0140
Crosses
EUR/JPY: LONG AT 128.50 FOR 130.73; STOP AT 127.49
EUR/GBP: POSSIBLY SELL
EUR/CHF: LOOK TO BUY
EUR/CAD: SELL AT 1.3240 FOR 1.3040 OBJ, STOP 1.3335
GBP/JPY: LONG AT 151.70 FOR 154.85; STOP AT 150.70
NZD/USD: BUY LOWER
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Editors’ Picks
EUR/USD holds above 1.0700 ahead of US jobs report
EUR/USD stays in a consolidation phase above 1.0700 after closing the previous two days in positive territory. Investors eagerly await April jobs report from the US, which will include Nonfarm Payrolls and Unemployment Rate readings.
GBP/USD advances to 1.2550, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2550 amid the softer US Dollar on Friday. Market participants refrain from taking large positions as focus shifts to April Nonfarm Payrolls and ISM Services PMI data from the US.
Gold remains stuck near $2,300 ahead of US NFP
Gold price struggles to gain any meaningful traction and trades in a tight channel near $2,300. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support to XAU/USD ahead of the key US NFP data.
XRP edges up after week-long decline as Ripple files letter in reply to SEC’s motion
Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness.
US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.