Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3856 FOR 1.3780 OBJECTIVE, REVISED STOP 1.3850
USD/JPY: LONG AT 101.75 FOR 102.72; REVISED STOP AT 101.59
GBP/USD: LONG AT 1.6700 FOR 1.6879; STOP AT 1.6615
USD/CHF: SHORT AT .8790 FOR .8698 REVISED OBJECTIVE, STOP .8808
AUD/USD: BUY AT .9350 FOR .9523; STOP AT .9290
USD/CAD: SELL AT 1.1015 FOR 1.0842 STOP AT 1.1080
Crosses
EUR/JPY: LONG AT 141.15 FOR 142.64 OBJECTIVE, STOP 140.39
EUR/GBP: LONG AT .8285 FOR .8400; STOP AT .8250
EUR/CHF: SELL AT 1.2170 FOR 1.2102; STOP AT 1.2210
EUR/CAD: POSSIBLY BUY
GBP/JPY: BUY AT 169.90 FOR 172.50; STOP AT 168.90
NZD/USD: BUY AT .8620 FOR .8785; STOP AT .8565
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
AUD/USD holds positive ground above 0.6500 on weaker US Dollar
The AUD/USD pair extends recovery around 0.6525 during the early Asian session on Thursday. The Federal Reserve held its interest rates steady at 5.25–5.50% at its meeting on Wednesday, citing a “lack of further progress” in getting inflation back down to its 2% target.
EUR/USD jitters post-Fed with NFP Friday over the horizon
EUR/USD cycled familiar territory on Wednesday after the US Federal Reserve held rates as many investors had expected. However, market participants were hoping for further signs of impending rate cuts from the US central bank.
Gold prices skyrocketed as Powell’s words boosted the yellow metal
Gold prices rallied sharply above the $2,300 milestone on Wednesday after the Federal Reserve kept rates unchanged while announcing that it would diminish the pace of the balance sheet reduction.
Solana price dumps 21% on week as round three of FTX estate sale of SOL commences
Solana price is down almost 5% in the past 24 hours and over 20% in the last seven days. The dump comes as the broader crypto market contracts with Bitcoin price leading the pack as it slides below the $58,000 threshold to test the Bull Market Support Band Indicator.
The FOMC whipsaw and more Yen intervention in focus
Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.