Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SHORT AT 1.3618 FOR 1.3503 OBJECTIVE, STOP REVISED AT 1.3630
USD/JPY: SHORT AT 101.83 FOR 100.76; STOP AT 101.90
GBP/USD: BUY AT 1.7115 FOR 1.7230; STOP AT 1.7055
USD/CHF: LONG AT .8909 FOR REVISED .9064; REVISED STOP AT .8895
AUD/USD: POSSIBLY BUY LOWER
USD/CAD: SELL AT 1.0785 FOR 1.0620 STOP AT 1.0835
Crosses
EUR/JPY: SHORT 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: SELL AT 1.4670 FOR 1.4410 OBJ, STOP 1.4770
GBP/JPY: LONG AT 173.60 FOR 175.35; STOP AT 172.90
NZD/USD: SELL AT .8790 FOR .8642; STOP AT .8850
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Editors’ Picks
EUR/USD holds gains above 1.0700 as USD struggles ahead of data
EUR/USD is posting small gains above 1.0700 in the European session on Thursday. The pair remains underpinned by a sustained US Dollar weakness, in the aftermath of the Fed policy announcements and ahead of more US employment data.
GBP/USD stays firm above 1.2500 amid US Dollar weakness
GBP/USD is consolidating the rebound above 1.2500 in European trading on Thursday. The pair's uptick is supported by a broadly weakness US Dollar on dovish Fed signals. A mixed market mood could cap the GBP/USD upside ahead of mid-tier US data.
Gold price trades with modest losses amid positive risk tone, downside seems limited
Gold price edges lower amid an uptick in the US bond yields, though the downside seems cushioned. A positive risk tone is seen as another factor undermining demand for the safe-haven precious metal.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
Happy Apple day
Apple is due to report Q1 results today after the bell. Expectations are soft given that Apple’s Chinese business got a major hit in Q1 as competitors increased their market share against the giant Apple.