Danske Research Team
Danske Bank A/S
Majors
EUR/USD: LONG AT 1.3665 FOR 1.3734 OBJECTIVE, STOP 1.3635
USD/JPY: BUY AT 101.70 FOR INITIAL 102.65 OBJECTIVE, STOP 101.39
GBP/USD: REVISE BUY AT 1.7120 FOR 1.7230; STOP AT 1.7060
USD/CHF: SHORT AT .8885 FOR .8800 OBJECTIVE, STOP .8922
AUD/USD: LONG AT .9395 STOPPED FOR PROFIT AT .9410, POSSIBLY BUY LOWER
USD/CAD: SELL AT 1.0677 FOR 1.0589 STOP AT 1.0732
Crosses
EUR/JPY: LONG AT 138.55 FOR 139.79 OBJECTIVE, REVISED STOP 138.47
EUR/GBP: SHORT AT .8015 FOR .7887; STOP AT .8014
EUR/CHF: SHORT AT 1.2190 FOR REVISED 1.2123; STOP AT 1.2179
EUR/CAD: SHORT AT 1.4750 FOR 1.4410 OBJ, REVISED STOP 1.4650
GBP/JPY: MISSED BUY, LOOK TO BUY ON DIPS
NZD/USD: LONG AT .8705 FOR .8842; STOP AT .8720
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Editors’ Picks
EUR/USD advances to near 1.0750 as risk appetite regains balance
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GBP/USD advances to 1.2550, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2540 amid the softer US Dollar on Friday. The US Federal Reserve Chair Jerome Powell delivered a modest dovish message after the meeting on Wednesday, which weighs on the Greenback.
Gold lacks firm near-term direction, remains stuck in a range ahead of US NFP
Gold price struggles to gain any meaningful traction amid mixed fundamental cues. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support. Bets for a delayed Fed rate cut and a positive risk tone cap gains ahead of the US NFP.
Solana price pumps 7% as SOL-based POPCAT hits new ATH
Solana price is the biggest gainer among the crypto top 10, with nearly 10% in gains. The surge is ascribed to the growing popularity of projects launched atop the SOL blockchain, which have overtime posted remarkable success.
US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.