Danske Research Team
Danske Bank A/S
Majors
EUR/USD: SELL AT 1.3412 FOR 1.3249 OBJECTIVE, STOP 1.3455
USD/JPY: BUY AT 102.16 FOR 102.79 OBJECTIVE, STOP 101.98
GBP/USD: SHORT AT 1.6862 FOR 1.6693; STOP AT 1.6822
USD/CHF: LONG AT .8909 FOR REVISED .9156; STOP AT .9028
AUD/USD: SHORT AT .9278 FOR .9203; STOP AT .9308
USD/CAD: LONG AT 1.0915 FOR REVISED 1.1027 REVISED STOP AT 1.0895
Crosses
EUR/JPY: LONG AT 136.42 FOR 137.71 OBJECTIVE, STOP 135.69
EUR/GBP: LONG AT .7955 FOR .8082; STOP AT .7900
EUR/CHF: LOOK TO SELL
EUR/CAD: LONG AT 1.4590 FOR 1.4835; REVISE STOP AT 1.4580
GBP/JPY: SHORT AT 171.75 FOR 169.50, STOP AT 172.70
NZD/USD: SHORT AT .8490 FOR .8343; REVISE STOP AT .8500
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Editors’ Picks
AUD/USD regains the constructive outlook above the 200-day SMA
AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.
EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.