Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY AT 1.3725 FOR 1.3820 OBJECTIVE, STOP 1.3693
USD/JPY: LONG AT 102.82 FOR 103.83 OBJECTIVE, STOP 102.65
GBP/USD: REVISE BUY AT 1.6590 FOR 1.6684; STOP AT 1.6545
USD/CHF: SELL AT .8892 FOR .8801 OBJECTIVE, STOP .8925
AUD/USD: LONG AT .9219 FOR .9408; REVISE STOP AT .9219
USD/CAD: SHORT AT 1.0995 FOR 1.0875 STOP AT 1.1055
Crosses
EUR/JPY: LONG AT 141.60 FOR 143.47; STOP AT 140.95
EUR/GBP: POSSIBLY SELL
EUR/CHF: LONG AT 1.2190 FOR 1.2260; STOP AT 1.2182
EUR/CAD: SELL AT 1.5180 FOR 1.4900 STOP AT 1.5240
GBP/JPY: BUY AT 170.45 FOR 173.15; STOP AT 169.45
NZD/USD: LONG AT .8578 FOR .8785; STOP AT .8525
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EUR/USD recovers to top end of consolidation ahead of Friday’s US NFP
EUR/USD drove back to the top end of recent consolidation on Thursday, recovering chart territory north of the 1.0700 handle as market risk appetite regains balance heading into another US Nonfarm Payrolls Friday.
Gold recoils on hawkish Fed moves, unfazed by dropping yields and softer US Dollar
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NFP: The ultimate litmus test for doves vs. hawks
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