Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667
USD/JPY: BUY AT 102.05 FOR 102.76 OBJECTIVE, STOP 101.64
GBP/USD: LONG AT 1.7120 FOR 1.7230; STOP AT 1.7060
USD/CHF: BUY AT .8913 FOR .8974 OBJECTIVE, STOP .8886
AUD/USD: SELL AT .9410 FOR .9229; STOP AT .9445
USD/CAD: SHORT AT 1.0677 FOR 1.0589 REVISED STOP AT 1.0705
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 1.2166
EUR/CAD: SHORT AT 1.4750 FOR 1.4410 OBJ, REVISED STOP 1.4650
GBP/JPY: BUY AT 174.00 FOR 179.20; STOP AT 173.30
NZD/USD: BUY AT .8690 FOR .8842; STOP AT .8640
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Editors’ Picks
EUR/USD clings to gains near 1.0750 ahead of US jobs report
EUR/USD clings to modest gains at around 1.0750 after closing the previous two days in positive territory. Investors eagerly await April jobs report from the US, which will include Nonfarm Payrolls and Unemployment Rate readings.
GBP/USD advances to 1.2550, all eyes on US NFP data
The GBP/USD pair trades on a stronger note around 1.2550 amid the softer US Dollar on Friday. Market participants refrain from taking large positions as focus shifts to April Nonfarm Payrolls and ISM Services PMI data from the US.
Gold remains stuck near $2,300 ahead of US NFP
Gold price struggles to gain any meaningful traction and trades in a tight channel near $2,300. The Fed’s less hawkish outlook drags the USD to a multi-week low and lends support to XAU/USD ahead of the key US NFP data.
XRP edges up after week-long decline as Ripple files letter in reply to SEC’s motion
Ripple filed a letter to the court to support its April 22 motion to strike new expert materials. The legal clash concerns whether SEC accountant Andrea Fox's testimony should be treated as a summary or expert witness.
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.