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: SHORT AT .8835 FOR REVISED .8743; STOP AT .8865
AUD/USD: POSSIBLY BUY LOWER
USD/CAD: LONG AT 1.0970 FOR 1.1078; REVISED STOP AT 1.0980
Crosses
EUR/JPY: LONG AT 141.40 FOR 142.85 OBJECTIVE, STOP 140.89
EUR/GBP: SHORT AT .8245 FOR .8157; STOP AT .8290
EUR/CHF: LOOK TO SELL
EUR/CAD: LONG AT 1.5205 FOR 1.5365; REVISE STOP AT 1.5170
GBP/JPY: LONG AT 171.80 FOR 173.95 STOP AT 170.80
NZD/USD: SELL AT .8600 FOR .8515; STOP AT .8645
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
EUR/USD trades above 1.0700 after EU inflation data
EUR/USD regained its traction and climbed above 1.0700 in the European session. Eurostat reported that the annual Core HICP inflation edged lower to 2.7% in April from 2.9% in March. This reading came in above the market expectation of 2.6% and supported the Euro.
GBP/USD recovers to 1.2550 despite US Dollar strength
GBP/USD is recovering losses to trade near 1.2550 in the European session on Tuesday. The pair rebounds despite a cautious risk tone and broad US Dollar strength. The focus now stays on the mid-tier US data amid a data-light UK docket.
Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data
Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level.
XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response
Ripple (XRP) trades broadly sideways on Tuesday after closing above $0.51 on Monday as the payment firm’s legal battle against the US Securities and Exchange Commission (SEC) persists.
Mixed earnings for Europe as battle against inflation in UK takes step forward
Corporate updates are dominating this morning after HSBC’s earnings report contained the surprise news that its CEO is stepping down after 5 years in the job. However, HSBC’s share price is rising this morning and is higher by nearly 2%.