Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP 1.3667
USD/JPY: SHORT AT 101.83 FOR 100.76; REVISE STOP AT 101.90
GBP/USD: LONG AT 1.7120 FOR 1.7230; STOP AT 1.7080
USD/CHF: LONG AT .8909 FOR .9036; STOP AT .8855
AUD/USD: POSSIBLY BUY LOWER
USD/CAD: SHORT AT 1.0677 FOR 1.0589 REVISED STOP AT 1.0705
Crosses
EUR/JPY: SELL AT 137.97 FOR 136.78 OBJECTIVE, STOP 138.59
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: BUY LOWER
NZD/USD: LONG AT .8795 FOR .8860; STOP AT .8763
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EUR/USD holds above 1.0750 to start the week
EUR/USD trades in positive territory above 1.0750 in the European session on Monday. The US Dollar struggles to find demand following Friday's disappointing labor market data and helps the pair hold its ground.
GBP/USD edges higher toward 1.2600
Following Friday's volatile action, GBP/USD pushes higher toward 1.2600 on Monday. Soft April jobs report from the US and the modest improvement seen in risk mood make it difficult for the US Dollar to gather strength.
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