Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3710 FOR 1.3819; REVISED STOP AT 1.3681
USD/JPY: LOOK TO BUY LOWER AT 101.80/70
GBP/USD: SELL AT 1.6675 FOR 1.6538; STOP AT 1.6745
USD/CHF: SHORT AT .8890 FOR .8800; STOP AT .8932
AUD/USD: LONG AT .8970 FOR .9169; STOP AT .8927
USD/CAD: LONG AT 1.1093 FOR 1.1225; STOP AT 1.1025
Crosses
EUR/JPY: LONG AT 140.70 FOR 142.90; STOP AT 139.95
EUR/GBP: LOOK TO SELL
EUR/CHF: SELL AT 1.2220 FOR 1.2131; STOP AT 1.2245
EUR/CAD: POSSIBLY BUY
GBP/JPY: LONG AT 170.55 FOR 173.65; STOP AT 169.10
NZD/USD: LONG AT .8260 FOR .8433; STOP AT .8235
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 drops to near 1.0650 ahead of Fed policy
EUR/USD continues its decline for the second consecutive day, hovering around 1.0650 during Asian trading hours on Wednesday. With European markets largely closed for Labour Day, investors are expecting the Federal Reserve's latest policy decision.
GBP/USD holds below 1.2500 ahead of Fed rate decision
The GBP/USD pair holds below 1.2490 during the early Wednesday. The downtick of the major pair is supported by the stronger US Dollar amid the cautious mood ahead of the US Federal Reserve's interest rate decision later on Wednesday.
Gold sellers keep sight on $2,223 and the Fed decision
Gold price is catching a breather early Wednesday, having hit a four-week low at $2,285 on Tuesday. Traders refrain from placing fresh directional bets on Gold price, anticipating the all-important US Federal Reserve interest rate decision due later in the day.
Ethereum dips below key level as Hong Kong ETFs underperform
Ethereum experienced a further decline on Tuesday following a disappointing first-day trading volume for Hong Kong's spot Bitcoin and ETH ETFs. This comes off the back of increased long liquidations and mixed whale activity surrounding the top altcoin.
Federal Reserve meeting preview: The stock market expects the worst
US stocks are a sea of red on Tuesday as a mixture of fundamental data and jitters ahead of the Fed meeting knock risk sentiment. The economic backdrop to this meeting is not ideal for stock market bulls.