Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667
USD/JPY: LONG 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 .7985
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 1.4580
GBP/JPY: REVISE BUY AT 174.15 FOR 179.20; STOP AT 173.30
NZD/USD: BUY AT .8690 FOR .8842; STOP AT .8635
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Editors’ Picks
AUD/USD retargets the 0.6600 barrier and above
AUD/USD extended its positive streak for the sixth session in a row at the beginning of the week, managing to retest the transitory 100-day SMA near 0.6580 on the back of the solid performance of the commodity complex.
EUR/USD keeps the bullish bias above 1.0700
EUR/USD rapidly set aside Friday’s decline and regained strong upside traction in response to the marked retracement in the Greenback following the still-unconfirmed FX intervention by the Japanese MoF.
Gold advances for a third consecutive day
Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.
Bitcoin price dips to $62K range despite growing international BTC validation via spot ETFs
Bitcoin (BTC) price closed down for four weeks in a row, based on the weekly chart, and could be on track for another red candle this week. The last time it did this was in the middle of the bear market when it fell by 42% within a span of nine weeks.
Japan intervention: Will it work?
Dear Japan Intervenes in the Yen for the first time since November 2022 Will it work? Have we seen a top in USDJPY? Let's go through the charts.