Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3786 FOR 1.3848 OBJECTIVE, STOP 1.3742
USD/JPY: LONG AT 102.12 FOR 104.63; REVISED STOP 103.22
GBP/USD: LONG AT 1.6645 FOR 1.6745; STOP AT 1.6595
USD/CHF: SELL AT .8847 FOR .8764 OBJECTIVE, STOP .8891
AUD/USD: BUY AT .9200 FOR .9408; STOP AT .9100
USD/CAD: LONG AT 1.1025 FOR 1.1170 REVISED STOP AT 1.0995
Crosses
EUR/JPY: RAISE BUY TO 142.74 FOR 145.17 OBJECTIVE, STOP 142.41
EUR/GBP: BUY AT .8285 FOR .8400; STOP AT .8255
EUR/CHF: LONG AT 1.2190 FOR 1.2260; STOP AT 1.2158
EUR/CAD: SELL AT 1.5310 FOR 1.4995 OBJ, STOP 1.5410
GBP/JPY: LONG AT 169.00 FOR REVISED 174.85; STOP AT 170.90
NZD/USD: LOOK TO BUY LOWER
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Editors’ Picks
AUD/USD: Gains appear capped near 0.6580
AUD/USD made a sharp U-turn on Tuesday, reversing six consecutive sessions of gains and tumbling to multi-day lows near 0.6480 on the back of the robust bounce in the Greenback.
EUR/USD tumbles out of recent range, tests below 1.0770 as markets flee into safe havens
EUR/USD slid below the 1.0670 level on Tuesday after an unexpected uptick in US wages growth reignited fears of sticky inflation, chopping down rate cut expectations and sending investors into safe haven bids.
Gold pullbacks on rising US yields, buoyant US Dollar as inflation heats up
Gold prices drop below the $2,300 threshold on Tuesday as data from the United States show that employment costs are rising, thus putting upward pressure on inflation. XAU/USD trades at $2,296 amid rising US Treasury bond yields and a stronger US Dollar.
Ethereum slumps again as long liquidations exceed those of Bitcoin
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.
No tap dancing around inflation concerns
Tuesday saw U.S. stocks closing considerably lower as investors grappled with economic indicators indicating increasing labour costs and a decline in consumer confidence, all coming ahead of a crucial Fed policy meeting aimed at determining the trajectory of interest rates.