Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3820 FOR REVISED 1.3906; STOP AT 1.3778
USD/JPY: LONG AT 102.20 FOR 103.05 OBJECTIVE, STOP 102.05
GBP/USD: LONG AT 1.6700 FOR REVISED 1.6917; STOP AT 1.6740
USD/CHF: LOOK TO SELL .8900/05
AUD/USD: LONG AT .9350 STOPPED AT .9290, LOOK TO SELL
USD/CAD: LONG AT 1.0970 FOR 1.1078; REVISED STOP AT 1.0940
Crosses
EUR/JPY: LONG AT 141.40 FOR 142.85 OBJECTIVE, STOP 140.89
EUR/GBP: SELL AT .8245 FOR .8157; STOP AT .8290
EUR/CHF: BUY AT 1.2202 FOR 1.2260; STOP AT 1.2183
EUR/CAD: LONG AT 1.5205 FOR 1.5445; STOP AT 1.5095
GBP/JPY: LONG AT 169.90 FOR 173.95; STOP AT 171.40
NZD/USD: LONG AT .8605 FOR .8707; STOP AT .8550
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Editors’ Picks
EUR/USD hovers near 1.0700 ahead of US data
EUR/USD struggles to build on Wednesday's gains and fluctuates in a tight channel near 1.0700 on Thursday. The US Dollar holds its ground following the Fed-inspired decline as market focus shifts to mid-tier US data releases.
GBP/USD holds steady above 1.2500 following Wednesday's rebound
GBP/USD stays in a consolidation phase slightly above 1.2500 on Thursday after closing in the green on Wednesday. A mixed market mood caps the GBP/USD upside ahead of Unit Labor Costs and Jobless Claims data from the US.
Gold retreats to $2,300 despite falling US yields
Gold stays under bearish pressure and trades deep in negative territory at around $2,300 on Thursday. The benchmark 10-year US Treasury bond edges lower following the Fed's policy decisions but XAU/USD struggles to find a foothold.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.