Majors
EUR/USD: POSS BUY 1.3555/50, AWAIT SIGNAL
USD/JPY: SHORT AT 102.09 FOR 101.23 OBJECTIVE, REVISED STOP 102.17
GBP/USD: LONG AT 1.6990 FOR 1.7136; STOP AT 1.6918
USD/CHF: LONG AT .8993 FOR A .9082 TARGET; REVISED STOP AT .8952
AUD/USD: LONG AT .9350 FOR .9523; STOP AT .9340
USD/CAD: LONG AT 1.0892 FOR 1.1053 STOP AT 1.0825
Crosses
EUR/JPY: SELL AT 138.55 FOR INITIAL 137.38 OBJECTIVE, STOP 139.20
EUR/GBP: POSSIBLY SELL
EUR/CHF: SHORT AT 1.2175 FOR 1.2141; STOP AT 1.2191
EUR/CAD: SELL AT 1.4750 FOR 1.4410 OBJ, STOP 1.4840
GBP/JPY: LONG AT 171.10 FOR 174.85; REVISED STOP AT 171.90
NZD/USD: LONG AT .8500 FOR REVISED .8746; 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 stays in tight channel above 1.0750
EUR/USD continues to fluctuate in a narrow band slightly above 1.0750 after posting small gains on Monday. Disappointing Factory Orders data from Germany limits the Euro's gains as investors keep a close eye on comments from central bankers.
GBP/USD retreats below 1.2550 as USD recovers
GBP/USD stays under modest bearish pressure and trades below 1.2550 in the European session on Tuesday. The cautious market stance helps the USD hold its ground and doesn't allow the pair to regain its traction. The Bank of England will announce policy decisions on Thursday.
Gold declines below $2,320 amid renewed US Dollar demand
Gold trades in negative territory below $2,320 as the souring mood allows the USD to find demand on Tuesday. Nevertheless, the benchmark 10-year US Treasury bond yield stays below 4.5% and helps XAU/USD limit its losses.
Ripple lawsuit develops with SEC reply under seal, XRP holders await public redacted versions
Ripple lawsuit’s latest development is SEC filing, under seal. The regulator has filed its reply brief and supporting exhibits and the documents will be made public on Wednesday, May 8.
The impact of economic indicators and global dynamics on the US Dollar
Recent labor market data suggest a cooling economy. The disappointing job creation and rising unemployment hint at a slackening demand for labor, which, coupled with subdued wage growth, could signal a slower economic trajectory.