Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3758 FOR INITIAL 1.3694 OBJECTIVE, STOP 1.3795
USD/JPY: BUY AT 101.80 FOR 102.85; STOP AT 101.35
GBP/USD: SELL AT 1.6690 FOR 1.6583; STOP AT 1.6740
USD/CHF: BUY AT .8837 FOR .8919 OBJECTIVE, STOP .8791
AUD/USD: SELL AT .8972 FOR .8873 OBJECTIVE, STOP .9007
USD/CAD: LONG AT 1.1085 FOR 1.1225; STOP AT 1.1035
Crosses
EUR/JPY: BUY AT 139.90 FOR 141.29 OBJECTIVE, STOP 139.10
EUR/GBP: SHORT AT .8255 FOR .8157; STOP AT .8290
EUR/CHF: POSSIBLY BUY
EUR/CAD: SHORT AT 1.5250 FOR 1.5100 OBJ, STOP 1.5320
GBP/JPY: LONG AT 170.00 FOR 172.80; STOP AT 168.70
NZD/USD: LONG AT .8260 FOR .8433; REVISE STOP AT .8335
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NFP: The ultimate litmus test for doves vs. hawks
US Nonfarm Payrolls will undoubtedly be the focal point of upcoming data releases. The estimated figure stands at 241k, notably lower than the robust 303k reported in the previous release and below all other readings recorded this year.